Solid Foundation Generation Inc

Analysis

Solid Foundation Generation Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Solid Foundation Generation Inc reported income of $402k and spending of $416k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $245k to $402k (+64%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Solid Foundation Generation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within OH. Charities of a similar size with the same main cause include Vaad Kashrus Mehadrin Inc ($402k), District Council Treasure Couast ($402k) and Gander Brook Christian Camp Inc ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.