Black Owners of Solar Services

Analysis

Black Owners of Solar Services is a registered charity in United States, based in Oxford, NC. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Black Owners of Solar Services reported income of $1.4m and spending of $1.3m, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $217k to $1.4m (+533%), an average of +533% a year. The sharpest change came in the year to December 2023, when income rose by 533%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Black Owners of Solar Services sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Independent Marylanders Achieving Growth Through Empowerment Inc ($1.4m), Manna University ($1.4m) and Montessori School of Florence ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $37k (3.0% of expenses). Other salaries and wages came to $237k. At year end it held assets of $473k against liabilities of $144k, net assets of $329k. It reported 8 employees.