Mt Soledad Memorial Association

Analysis

Mt Soledad Memorial Association is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in November 1968, 58 years ago. 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, Mt Soledad Memorial Association reported income of $770k and spending of $687k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $748k to $770k (+2.9%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mt Soledad Memorial Association sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include United Way of Knox County Indiana ($770k), New York Interschool Association Inc ($770k) and Small World Inc ($770k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $110k (16% of expenses). Other salaries and wages came to $159k. At year end it held assets of $6.1m against liabilities of $132k, net assets of $5.9m. It reported 5 employees.