Olympia Community Solar

Analysis

Olympia Community Solar is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Olympia Community Solar reported income of $755k and spending of $440k, leaving 42% of income unspent that year. Across the 4 years on record, from April 2021 to December 2023, income grew from $94k to $755k (+701%), an average of +100% a year. The sharpest change came in the year to April 2022, when income rose by 474%. Over the whole period it spent 64% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Olympia Community Solar sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within WA. Charities of a similar size with the same main cause include Greenlink Analytics Inc ($754k), Friends of Hollywood Cemetery ($756k) and Marginal Way Preservation Fund ($754k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Other salaries and wages came to $38k. At year end it held assets of $674k against liabilities of $86k, net assets of $588k. It reported 2 employees.