The Solid Foundation Inc

Analysis

The Solid Foundation Inc is a registered charity in United States, based in Uppr Marlboro, MD. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Solid Foundation Inc reported income of $77k and spending of $75k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $93k to $77k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Solid Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within MD. Charities of a similar size with the same main cause include Jeeahs Hope Inc ($77k), Fayetteville-Manlius Community Outrech Inc ($77k) and Project Got Your Back ($77k).

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 $1,976 against liabilities of $0, net assets of $1,976.