Solid Rock Foundation Ministries

Analysis

Solid Rock Foundation Ministries is a registered charity in United States, based in Montrose, CO. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Foundation Ministries reported income of $71k and spending of $75k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $76k to $71k (-6.7%), an average of -1.7% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Solid Rock Foundation Ministries sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 24th percentile within CO. Charities of a similar size with the same main cause include Church Law Institute Inc ($71k), Ministerios El Vive ($71k) and St Katherines Ladies Philoptochos Society ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,871 against liabilities of $0, net assets of $5,871.