Soledad Enrichment Action Inc

Analysis

Soledad Enrichment Action Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Soledad Enrichment Action Inc reported income of $9.3m and spending of $9.6m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.3m to $9.3m (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2021, when income rose by 93%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Soledad Enrichment Action Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include National Medical Association Inc ($9.3m), The Health Collaborative ($9.3m) and Clinical Data Interchange Standards Consortium Inc ($9.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $437k (4.6% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $11.4m against liabilities of $3.9m, net assets of $7.5m. It reported 229 employees.