Sisters of Solace

Analysis

Sisters of Solace is a registered charity in United States, based in Saint Joseph, MO. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sisters of Solace reported income of $492k and spending of $300k, leaving 39% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $236k to $492k (+109%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sisters of Solace sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within MO. Charities of a similar size with the same main cause include Dream Makers Youth Foundation Inc ($492k), Grand Rapids Pickleball Inc ($492k) and Phit World Foundation Inc ($492k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $20k (6.7% of expenses). Other salaries and wages came to $137k. At year end it held assets of $410k against liabilities of $0, net assets of $410k. It reported 13 employees.