Project Sol Flower

Analysis

Project Sol Flower is a registered charity in United States, based in Wheat Ridge, CO. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Project Sol Flower reported income of $188k and spending of $109k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $188k (+66%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 43% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Project Sol Flower sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within CO. Charities of a similar size with the same main cause include Montachusett Recovery Foundation C ($188k), TRS Cancer Fighters Inc ($188k) and Lungstrong Inc ($188k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $172k against liabilities of $0, net assets of $172k.