Solutions Now Foundation

Analysis

Solutions Now Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 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 (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 2022, Solutions Now Foundation reported income of $151k and spending of $136k, spending 90% of its income. Across the 2 years on record, from December 2020 to December 2022, income grew from $74k to $151k (+103%), an average of +104% a year. The sharpest change came in the year to December 2022, when income rose by 103%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Solutions Now Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Kennedy Institute Housing Corporation ($151k), Ukraine and Ukrainians Abroad Inc ($151k) and Power House Recovery Center ($151k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.