Solarbuddy Inc

Analysis

Solarbuddy Inc is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Solarbuddy Inc reported income of $292k and spending of $34k, leaving 88% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $292k (+212%), an average of +212% a year. The sharpest change came in the year to December 2023, when income rose by 212%. Over the whole period it spent 132% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Solarbuddy Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within WA. Charities of a similar size with the same main cause include Friends of the Congo ($292k), Acres of Hope International Inc ($292k) and Global Care Alliance Inc ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $75k against liabilities of $371k, net assets of -$295k.