Solu Israel

Analysis

Solu Israel is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Solu Israel reported income of $621k and spending of $401k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $344k to $621k (+80%), an average of +80% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 58% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Solu Israel sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Tripura Foundation Incorporated ($621k), Aslan Housing Foundation ($621k) and Yeshivat Be Er Yizchak Inc ($621k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $395k against liabilities of $2,000, net assets of $393k.