Sold Schools Inc

Analysis

Sold Schools Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sold Schools Inc reported income of $201k and spending of $198k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $125k to $201k (+60%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sold Schools Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include South Florida Muslim Federation ($201k), Time Youth Dothan Inc ($201k) and Womens Ordination Conference Incorporated ($200k).

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 $101k. At year end it held assets of $11k against liabilities of $9,066, net assets of $2,128. It reported 4 employees.