Solas Nua Inc
Solas Nua Inc. shows fluctuating but generally stable finances with no reported executive compensation.
EIN: 202454448 · Washington, DC · NTEE: A65 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $500K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $17,597 |
| Net Assets | $162K |
| Transparency Score | 85/100 |
Is Solas Nua Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Solas Nua Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Solas Nua Inc
Solas Nua Inc (EIN: 202454448) is a nonprofit organization based in Washington, DC, classified under NTEE code A65. The organization reported total revenue of $500K and total assets of $84K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Solas Nua Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Solas Nua Inc is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2022).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.0% | -100.0% | -2.7% |
| 2021 | +33.8% | +102.4% | -4.2% |
| 2020 | -5.3% | -2.5% | +66.2% |
| 2019 | +97.0% | +20.9% | +342.8% |
| 2018 | +20.8% | +30.1% | -28.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Solas Nua 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Solas Nua Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly favorable for an organization of its size with revenues ranging from $17,597 to $288,720 in detailed filings.
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.
Red Flags
The following concerns were identified during AI analysis of Solas Nua Inc's IRS 990 filings:
- Significant drop in assets from $161,589 in 2022 to $84,303 in the latest summary, without corresponding revenue/expense data for the latest period.
- Reported $0 revenue and $0 expenses for the 202212 period, which could indicate an incomplete filing or a period of inactivity that warrants further investigation.
Strengths
The following positive indicators were identified for Solas Nua Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial stewardship.
- Significant growth in assets and revenue over the past decade, demonstrating increasing capacity and reach.
- Low liabilities relative to assets in most periods, suggesting good financial stability.
- Positive net assets in most reporting periods, indicating the organization is generally operating sustainably.
Frequently Asked Questions about Solas Nua Inc
Is Solas Nua Inc a legitimate charity?
Solas Nua Inc (EIN: 202454448) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $500K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Solas Nua Inc spend its money?
Solas Nua Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Solas Nua Inc tax-deductible?
Solas Nua Inc is registered as a tax-exempt nonprofit (EIN: 202454448). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Solas Nua Inc CEO make?
Solas Nua Inc's highest-compensated officer earns $17,597 annually. The organization reported $500K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Solas Nua Inc's spending goes to programs?
Solas Nua Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Solas Nua Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Solas Nua Inc is above average for NTEE category A65 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Solas Nua Inc located?
Solas Nua Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 202454448. It is classified under NTEE code A65.
How many years of IRS 990 filings does Solas Nua Inc have?
Solas Nua Inc has 12 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 $500K in total revenue.
Is Solas Nua Inc. a good charity?
Based on the available data, Solas Nua Inc. appears to be a good charity. It consistently reports 0% officer compensation, indicating that funds are not being diverted to high executive salaries. The organization has shown growth in assets over time and generally manages its expenses in line with its revenue, although there are periods of slight deficits. Its commitment to its mission is supported by its financial practices.
How has Solas Nua Inc.'s financial health changed over the past decade?
Solas Nua Inc. has experienced significant growth in revenue and assets over the past decade. Revenue increased from $17,597 in 2013 to $288,720 in 2021 (and $499,950 in the latest summary), while assets grew from $8,440 to $166,150 in 2021. This indicates a positive trend in financial health and capacity.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly conservative, with 0% reported officer compensation across all 12 available filings. This suggests that leadership may be volunteer-based or compensated through other means not reported as officer compensation, allowing more funds to be directed to programs.
Filing History
IRS 990 filing history for Solas Nua Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Solas Nua Inc's revenue has declined by 100%, moving from $248K to $0. Total assets increased by 571.5% over the same period, from $24K to $162K. Total functional expenses fell by 100%, from $251K to $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $0 | $0 | $162K | $0 | — | View 990 |
| 2021 | $289K | $298K | $166K | $5K | — | View 990 |
| 2020 | $216K | $147K | $173K | $2K | — | View 990 |
| 2019 | $228K | $151K | $104K | $2K | — | View 990 |
| 2018 | $116K | $125K | $24K | $0 | — | View 990 |
| 2017 | $96K | $96K | $33K | $0 | — | View 990 |
| 2016 | $111K | $88K | $33K | $0 | — | View 990 |
| 2015 | $37K | $38K | $10K | $0 | — | View 990 |
| 2014 | $44K | $41K | $12K | $0 | — | View 990 |
| 2013 | $18K | $21K | $8K | $0 | — | View 990 |
| 2012 | $64K | $58K | $12K | $0 | — | View 990 |
| 2011 | $248K | $251K | $24K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $0, expenses of $0, and assets of $162K (revenue -100.0% year-over-year).
- 2021: Revenue of $289K, expenses of $298K, and assets of $166K (revenue +33.8% year-over-year).
- 2020: Revenue of $216K, expenses of $147K, and assets of $173K (revenue -5.3% year-over-year).
- 2019: Revenue of $228K, expenses of $151K, and assets of $104K (revenue +97.0% year-over-year).
- 2018: Revenue of $116K, expenses of $125K, and assets of $24K (revenue +20.8% year-over-year).
- 2017: Revenue of $96K, expenses of $96K, and assets of $33K (revenue -13.7% year-over-year).
- 2016: Revenue of $111K, expenses of $88K, and assets of $33K (revenue +199.8% year-over-year).
- 2015: Revenue of $37K, expenses of $38K, and assets of $10K (revenue -16.2% year-over-year).
- 2014: Revenue of $44K, expenses of $41K, and assets of $12K (revenue +150.8% year-over-year).
- 2013: Revenue of $18K, expenses of $21K, and assets of $8K (revenue -72.6% year-over-year).
- 2012: Revenue of $64K, expenses of $58K, and assets of $12K (revenue -74.1% year-over-year).
- 2011: Revenue of $248K, expenses of $251K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Solas Nua Inc:
Data Sources and Methodology
This transparency report for Solas Nua 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.