Solid Rock Food Closet

Analysis

Solid Rock Food Closet is a registered charity in United States, based in Sparta, NC. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Solid Rock Food Closet reported income of $233k and spending of $148k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $200k to $233k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Solid Rock Food Closet sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Marys Kitchen ($233k), Under One Sun Inc ($233k) and Alabama Foster and Adoptive Parent Association Inc ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $47k. At year end it held assets of $411k against liabilities of $2,947, net assets of $408k.