Solid Rock Ministries Inc

Analysis

Solid Rock Ministries Inc is a registered charity in United States, based in Soldotna, AK. It received its IRS tax-exemption ruling in November 1965, 61 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 August 2023, Solid Rock Ministries Inc reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $953k to $1.1m (+13%), an average of +3.2% a year. The sharpest change came in the year to August 2021, when income rose by 44%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Solid Rock Ministries Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within AK. Charities of a similar size with the same main cause include North American 3 Hockey League ($1.1m), Diamond Peak Ski Education Foundation ($1.1m) and Prolific Prep ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 60% and program service revenue 38% of the total. Other salaries and wages came to $314k. At year end it held assets of $1.2m against liabilities of $41k, net assets of $1.2m. It reported 14 employees.