Sol International Foundation Inc
Sol International Foundation Inc maintains stable finances with no liabilities and consistent asset growth.
EIN: 204786732 · Asheville, NC · NTEE: Q33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $236K |
| Total Expenses | $243K |
| Program Spending | 80% |
| Net Assets | $171K |
| Transparency Score | 85/100 |
Is Sol International Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sol International Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sol International Foundation Inc
Sol International Foundation Inc (EIN: 204786732) is a nonprofit organization based in Asheville, NC, classified under NTEE code Q33. The organization reported total revenue of $236K and total assets of $135K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sol International Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sol International Foundation Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $229K |
| Total Expenses | $243K |
| Surplus / Deficit | $-14,291 |
| Total Assets | $171K |
| Net Assets | $171K |
| Operating Margin | -6.3% |
| Months of Reserves | 8.4 months |
Financial Health Grade: B
In 2023, Sol International Foundation Inc reported a deficit of $14K with expenses exceeding revenue, holds 8.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Sol International Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.2% | +9.8% | -7.7% |
| 2022 | -38.4% | +16.6% | -16.7% |
| 2021 | -21.2% | -47.8% | +96.3% |
| 2020 | +90.4% | +131.2% | +16.5% |
| 2019 | +17.1% | +0.9% | +76.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sol International Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Sol International Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
Executive Compensation Analysis
Sol International Foundation Inc reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers. This suggests a volunteer-led or very lean administrative structure, allowing more funds to be directed towards its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Sol International Foundation Inc:
- Zero liabilities reported across all filings, indicating strong financial health and no debt.
- Consistent asset growth over the past decade, from $7,347 in 2015 to $170,660 in 2023.
- 0% officer compensation reported, suggesting efficient use of funds and a focus on programmatic spending.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
- Maintains a positive net asset position, with assets consistently exceeding liabilities.
Frequently Asked Questions about Sol International Foundation Inc
Is Sol International Foundation Inc a legitimate charity?
Sol International Foundation Inc (EIN: 204786732) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $236K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Sol International Foundation Inc spend its money?
Sol International Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sol International Foundation Inc tax-deductible?
Sol International Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204786732). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sol International Foundation Inc's spending goes to programs?
Sol International Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sol International Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Sol International Foundation Inc is above average for NTEE category Q33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sol International Foundation Inc located?
Sol International Foundation Inc is headquartered in Asheville, North Carolina and files with the IRS under EIN 204786732. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Sol International Foundation Inc have?
Sol International Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $236K in total revenue.
Is Sol International Foundation Inc a good charity?
Based on the available data, Sol International Foundation Inc appears to be a well-managed charity. It has no reported liabilities, a history of asset growth, and consistently reports 0% officer compensation, suggesting a strong focus on its mission and efficient use of funds. Its consistent filing of 990s also points to good transparency.
How has Sol International Foundation Inc's revenue trended over the past few years?
Sol International Foundation Inc's revenue has shown some fluctuation. It peaked at $379,158 in 2020, then decreased to $298,632 in 2021, $184,051 in 2022, and slightly recovered to $228,640 in 2023. While not consistently growing, it has maintained a significant level of income.
What is the organization's financial stability?
The organization demonstrates strong financial stability. It has consistently reported $0 in liabilities across all filings, indicating no debt. Its assets have grown significantly from $7,347 in 2015 to $170,660 in 2023, providing a solid financial base.
Filing History
IRS 990 filing history for Sol International Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sol International Foundation Inc's revenue has grown by 289%, moving from $59K to $229K. Total assets increased by 3333.1% over the same period, from $5K to $171K. Total functional expenses rose by 329.3%, from $57K to $243K. In its most recent filing year (2023), Sol International Foundation Inc reported a deficit of $14K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $229K | $243K | $171K | $0 | — | — |
| 2022 | $184K | $221K | $185K | $0 | — | View 990 |
| 2021 | $299K | $190K | $222K | $0 | — | View 990 |
| 2020 | $379K | $363K | $113K | $0 | — | View 990 |
| 2019 | $199K | $157K | $97K | $0 | — | View 990 |
| 2018 | $170K | $156K | $55K | $0 | — | View 990 |
| 2017 | $159K | $138K | $40K | $0 | — | View 990 |
| 2016 | $100K | $88K | $20K | $0 | — | View 990 |
| 2015 | $81K | $85K | $7K | $0 | — | View 990 |
| 2014 | $84K | $87K | $11K | $0 | — | View 990 |
| 2013 | $71K | $81K | $14K | $0 | — | View 990 |
| 2012 | $83K | $64K | $23K | $0 | — | View 990 |
| 2011 | $59K | $57K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $229K, expenses of $243K, and assets of $171K (revenue +24.2% year-over-year).
- 2022: Revenue of $184K, expenses of $221K, and assets of $185K (revenue -38.4% year-over-year).
- 2021: Revenue of $299K, expenses of $190K, and assets of $222K (revenue -21.2% year-over-year).
- 2020: Revenue of $379K, expenses of $363K, and assets of $113K (revenue +90.4% year-over-year).
- 2019: Revenue of $199K, expenses of $157K, and assets of $97K (revenue +17.1% year-over-year).
- 2018: Revenue of $170K, expenses of $156K, and assets of $55K (revenue +7.3% year-over-year).
- 2017: Revenue of $159K, expenses of $138K, and assets of $40K (revenue +57.9% year-over-year).
- 2016: Revenue of $100K, expenses of $88K, and assets of $20K (revenue +24.0% year-over-year).
- 2015: Revenue of $81K, expenses of $85K, and assets of $7K (revenue -3.3% year-over-year).
- 2014: Revenue of $84K, expenses of $87K, and assets of $11K (revenue +17.5% year-over-year).
- 2013: Revenue of $71K, expenses of $81K, and assets of $14K (revenue -13.7% year-over-year).
- 2012: Revenue of $83K, expenses of $64K, and assets of $23K (revenue +40.5% year-over-year).
- 2011: Revenue of $59K, expenses of $57K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sol International Foundation Inc:
Data Sources and Methodology
This transparency report for Sol International Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.