Solar Toledo Neighborhood Foundation

Analysis

Solar Toledo Neighborhood Foundation is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Solar Toledo Neighborhood Foundation reported income of $283k and spending of $321k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $283k (-74%), an average of -29% a year. The sharpest change came in the year to December 2020, when income rose by 93%. Over the whole period it spent 20% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Solar Toledo Neighborhood Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Womens Leadership Alliance Inc ($283k), Grace Christian Academy of Pulaski Inc ($283k) and Abundant Education ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 97% of the total. At year end it held assets of $4.5m against liabilities of $417k, net assets of $4.1m.