Solid Rock Foundation

Analysis

Solid Rock Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Solid Rock Foundation reported income of $3.1m and spending of $1.5m, leaving 52% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $3.1m (+184%), an average of +42% a year. The sharpest change came in the year to June 2022, when income rose by 74%. Over the whole period it spent 55% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Solid Rock Foundation sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within AZ. Charities of a similar size with the same main cause include Big Buddy Program ($3.1m), Lets Grow Kids Inc ($3.1m) and Boys and Girls Club of the Greater Santiam ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $153k (10% of expenses). Other salaries and wages came to $638k. At year end it held assets of $7.0m against liabilities of $15k, net assets of $7.0m. It reported 15 employees.