Sol Housing

Analysis

Sol Housing is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 1993, 33 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 December 2023, Sol Housing reported income of $2.3m and spending of $1.1m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $577k to $2.3m (+293%), an average of +41% a year. The sharpest change came in the year to December 2022, when income rose by 268%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sol Housing sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NM. Charities of a similar size with the same main cause include Boy Scouts of America ($2.3m), Su Casa - Ending Domestic Violence ($2.3m) and Benedict Center Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 52% of the total. Other salaries and wages came to $653k. At year end it held assets of $32.6m against liabilities of $22.8m, net assets of $9.7m. It reported 12 employees.