Solid Rock Community Developmentcorporation
EIN: 260381727 · Colorado Spgs, CO · NTEE: P50
| Metric | Value |
|---|---|
| Total Revenue | $982K |
| Total Expenses | $1.2M |
| Net Assets | $3.4M |
Is Solid Rock Community Developmentcorporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Solid Rock Community Developmentcorporation
Solid Rock Community Developmentcorporation (EIN: 260381727) is a nonprofit organization based in Colorado Spgs, CO, classified under NTEE code P50. The organization reported total revenue of $982K and total assets of $5.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Solid Rock Community Developmentcorporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Solid Rock Community Developmentcorporation is a small nonprofit that has been operating for 7 years, with 6 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 71.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$885K |
| Total Assets | $6.0M |
| Total Liabilities | $2.6M |
| Net Assets | $3.4M |
| Operating Margin | 42.9% |
| Debt-to-Asset Ratio | 43.7% |
| Months of Reserves | 61.7 months |
Financial Health Grade: A
In 2023, Solid Rock Community Developmentcorporation reported a surplus of $885K with revenue exceeding expenses, holds 61.7 months of operating reserves (strong position), has a debt-to-asset ratio of 43.7% (moderate leverage).
Financial Trends
Over 6 years of filings (2019–2023), Solid Rock Community Developmentcorporation's revenue has grown at a compound annual growth rate (CAGR) of 71.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.6% | +20.3% | +29.4% |
| 2022 | +387.4% | +161.2% | +341.9% |
| 2021 | -34.5% | +138.8% | +13.5% |
| 2020 | +69.0% | -39.4% | +188.9% |
| 2020 | +88.2% | +130.0% | +149.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Solid Rock Community Developmentcorporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Solid Rock Community Developmentcorporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $885K, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.7%.
Frequently Asked Questions about Solid Rock Community Developmentcorporation
Is Solid Rock Community Developmentcorporation a legitimate charity?
Solid Rock Community Developmentcorporation (EIN: 260381727) is a registered tax-exempt nonprofit based in Colorado. It has 6 years of IRS 990 filings on record. Total revenue: $982K. No red flags identified. Financial health grade: A.
How does Solid Rock Community Developmentcorporation spend its money?
Solid Rock Community Developmentcorporation reported $982K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Solid Rock Community Developmentcorporation tax-deductible?
Solid Rock Community Developmentcorporation is registered as a tax-exempt nonprofit (EIN: 260381727). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Solid Rock Community Developmentcorporation located?
Solid Rock Community Developmentcorporation is headquartered in Colorado Spgs, Colorado and files with the IRS under EIN 260381727. It is classified under NTEE code P50.
How many years of IRS 990 filings does Solid Rock Community Developmentcorporation have?
Solid Rock Community Developmentcorporation has 6 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 $982K in total revenue.
Filing History
IRS 990 filing history for Solid Rock Community Developmentcorporation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2019–2023), Solid Rock Community Developmentcorporation's revenue has grown by 756.7%, moving from $241K to $2.1M. Total assets increased by 4581% over the same period, from $129K to $6.0M. Total functional expenses rose by 944.6%, from $113K to $1.2M. In its most recent filing year (2023), Solid Rock Community Developmentcorporation reported a surplus of $885K, with revenue exceeding expenses. The organization holds $2.6M in liabilities against $6.0M in assets (debt-to-asset ratio: 43.7%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $1.2M | $6.0M | $2.6M | — | View 990 |
| 2022 | $2.4M | $978K | $4.7M | $2.1M | — | View 990 |
| 2021 | $501K | $374K | $1.1M | $107 | — | — |
| 2020 | $765K | $157K | $931K | $872 | — | View 990 |
| 2020 | $453K | $259K | $322K | $421 | — | View 990 |
| 2019 | $241K | $113K | $129K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $1.2M, and assets of $6.0M (revenue -15.6% year-over-year).
- 2022: Revenue of $2.4M, expenses of $978K, and assets of $4.7M (revenue +387.4% year-over-year).
- 2021: Revenue of $501K, expenses of $374K, and assets of $1.1M (revenue -34.5% year-over-year).
- 2020: Revenue of $765K, expenses of $157K, and assets of $931K (revenue +69.0% year-over-year).
- 2020: Revenue of $453K, expenses of $259K, and assets of $322K (revenue +88.2% year-over-year).
- 2019: Revenue of $241K, expenses of $113K, and assets of $129K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Solid Rock Community Developmentcorporation:
Data Sources and Methodology
This transparency report for Solid Rock Community Developmentcorporation 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.