Solace House of the Ozarks Inc

Analysis

Solace House of the Ozarks Inc is a registered charity in United States, based in Joplin, MO. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Solace House of the Ozarks Inc reported income of $162k and spending of $141k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $125k to $162k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Solace House of the Ozarks Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within MO. Charities of a similar size with the same main cause include Veterans of Foreign Wars Stamford Memorial Post No 9179 ($162k), Pets for Seniors ($162k) and The Central Rivers Farmshed ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $283k against liabilities of $124k, net assets of $159k.