Sola Network Inc

Analysis

Sola Network Inc is a registered charity in United States, based in Brea, CA. It received its IRS tax-exemption ruling in February 2020, 6 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, Sola Network Inc reported income of $68k and spending of $48k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $105k to $68k (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sola Network Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Living the Word Bible Institute & Evangelism Ctr ($68k), MGN Ministries ($68k) and Mandala Buddhist Association Inc ($68k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.