Sole-The International Society of Logistics

Analysis

Sole-The International Society of Logistics is a registered charity in United States, based in Laurel, MD. It received its IRS tax-exemption ruling in July 1971, 55 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Sole-The International Society of Logistics reported income of $149k and spending of $238k, spending 159% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $218k to $149k (-32%), an average of -9.1% a year. The sharpest change came in the year to September 2023, when income dropped by 32%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sole-The International Society of Logistics sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include One Heart Beat Inc ($149k), Impact Theatre Inc ($149k) and Ohana Waa ($149k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.2% and program service revenue 98% of the total. At year end it held assets of $164k against liabilities of $0, net assets of $164k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.