Solvang Friendship House

Analysis

Solvang Friendship House is a registered charity in United States, based in Solvang, CA. It received its IRS tax-exemption ruling in December 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Solvang Friendship House reported income of $3.6m and spending of $4.0m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.6m (+24%), an average of +5.6% a year. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Solvang Friendship House sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Great Kids Inc ($3.6m), Honor Flight Inc ($3.6m) and Transparentem Ltd ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $116k (2.9% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $3.8m against liabilities of $507k, net assets of $3.3m. It reported 68 employees.