Solea Water

Analysis

Solea Water is a registered charity in United States, based in St Louis, MO. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 December 2023, Solea Water reported income of $346k and spending of $319k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $370k to $346k (-6.4%), an average of -6.4% a year. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Solea Water sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within MO. Charities of a similar size with the same main cause include RK Missions ($346k), Bethlehem House Inc ($346k) and Colorado Christian Mission Stations ($346k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $14k. At year end it held assets of $189k against liabilities of $0, net assets of $189k.