Solidarity Inc

Analysis

Solidarity Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 2024, Solidarity Inc reported income of $470k and spending of $434k, spending 92% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $354k to $470k (+33%), an average of +15% a year. The sharpest change came in the year to June 2024, when income rose by 38%. Over the whole period it spent 81% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Solidarity Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include Mansfield Hose Company Inc ($470k), Northeast Fire and Rescue Co ($470k) and Champion Fire Department ($470k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $121k (28% of expenses). Other salaries and wages came to $22k. At year end it held assets of $228k against liabilities of $498, net assets of $227k.