Sola Robotics

Analysis

Sola Robotics is a registered charity in United States, based in Gardena, CA. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Sola Robotics reported income of $247k and spending of $241k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10k to $247k (+2315%), an average of +122% a year. The sharpest change came in the year to December 2023, when income rose by 599%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Sola Robotics 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 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Southern Outdoors Unlimited Inc ($247k), Eg Ministries Inc ($248k) and Camp Woodbrooke Inc ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $10k against liabilities of $13k, net assets of -$2,447.