Solace Sexual Assault Services

Analysis

Solace Sexual Assault Services is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in July 1976, 50 years ago. 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 June 2023, Solace Sexual Assault Services reported income of $1.6m and spending of $1.8m, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.6m (+18%), an average of +5.7% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Solace Sexual Assault Services sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within NM. Charities of a similar size with the same main cause include Los Angeles Maritime Institute ($1.6m), The Genieve Shelter ($1.6m) and Hospice ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $194k (11% of expenses). Other salaries and wages came to $957k. At year end it held assets of $2.5m against liabilities of $499k, net assets of $2.0m. It reported 30 employees.