Solidago Foundation
Solidago Foundation shows fluctuating revenue and expenses with no reported officer compensation.
EIN: 202963670 · Northampton, MA · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.0M |
| Program Spending | 80% |
| Net Assets | $1.3M |
| Transparency Score | 75/100 |
Is Solidago Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Solidago Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Solidago Foundation
Solidago Foundation (EIN: 202963670) is a nonprofit organization based in Northampton, MA, classified under NTEE code S20. The organization reported total revenue of $2.9M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Solidago Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Solidago Foundation is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$496K |
| Total Assets | $2.3M |
| Total Liabilities | $943K |
| Net Assets | $1.3M |
| Operating Margin | 20.0% |
| Debt-to-Asset Ratio | 41.8% |
| Months of Reserves | 13.6 months |
Financial Health Grade: A
In 2023, Solidago Foundation reported a surplus of $496K with revenue exceeding expenses, holds 13.6 months of operating reserves (strong position), has a debt-to-asset ratio of 41.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Solidago Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.0% | -26.6% | +31.3% |
| 2022 | -7.1% | +89.0% | -1.7% |
| 2021 | -41.4% | -70.0% | +20.5% |
| 2020 | -18.1% | +9.3% | -39.6% |
| 2019 | -46.0% | -64.8% | -31.9% |
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 Solidago Foundation with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 10%
According to IRS 990 filings, Solidago Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 surplus of $496K, with revenue exceeding expenses.
- Debt-to-asset ratio: 41.8%.
Executive Compensation Analysis
Solidago Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is a strong positive for directing funds to 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.
Red Flags
The following concerns were identified during AI analysis of Solidago Foundation's IRS 990 filings:
- Significant year-over-year fluctuations in revenue and expenses, indicating potential instability.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, limiting spending efficiency analysis.
Strengths
The following positive indicators were identified for Solidago Foundation:
- Consistent reporting of 0% officer compensation, indicating strong financial stewardship regarding executive pay.
- Positive net assets in most years, suggesting financial solvency.
- Recovery in assets and positive net income in 2023 ($2,480,105 revenue vs. $1,984,114 expenses) after a deficit in 2022.
Frequently Asked Questions about Solidago Foundation
Is Solidago Foundation a legitimate charity?
Solidago Foundation (EIN: 202963670) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.9M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Solidago Foundation spend its money?
Solidago Foundation directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Solidago Foundation tax-deductible?
Solidago Foundation is registered as a tax-exempt nonprofit (EIN: 202963670). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Solidago Foundation's spending goes to programs?
Solidago Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Solidago Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Solidago Foundation is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Solidago Foundation located?
Solidago Foundation is headquartered in Northampton, Massachusetts and files with the IRS under EIN 202963670. It is classified under NTEE code S20.
How many years of IRS 990 filings does Solidago Foundation have?
Solidago Foundation 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 $2.9M in total revenue.
What caused the significant fluctuations in revenue and expenses, particularly the sharp decline in revenue after 2018?
The provided data shows revenue dropped from $8,431,908 in 2018 to $2,480,105 in 2023, and expenses from $12,396,446 in 2018 to $1,984,114 in 2023. Understanding the underlying reasons for these large swings would provide insight into the organization's operational stability and funding model.
How does Solidago Foundation manage to operate without reporting any officer compensation?
The consistent 0% officer compensation across all filings is unusual for an organization of this size. It suggests either a fully volunteer-led executive team or that compensation is reported under a different category, which warrants further investigation for clarity on operational structure.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without a specific breakdown of expenses, it's difficult to fully assess the efficiency of spending. The provided data only gives total expenses, making it challenging to determine how much is directly allocated to programs versus overhead.
What is the nature of the liabilities, especially the increase to $2,000,373 in 2018?
Understanding the composition of liabilities, particularly the significant increase in 2018, is crucial for assessing financial risk and the organization's long-term solvency.
Filing History
IRS 990 filing history for Solidago Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Solidago Foundation's revenue has declined by 26.2%, moving from $3.4M to $2.5M. Total assets decreased by 4.6% over the same period, from $2.4M to $2.3M. Total functional expenses fell by 44.9%, from $3.6M to $2.0M. In its most recent filing year (2023), Solidago Foundation reported a surplus of $496K, with revenue exceeding expenses. The organization holds $943K in liabilities against $2.3M in assets (debt-to-asset ratio: 41.8%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.0M | $2.3M | $943K | — | — |
| 2022 | $2.0M | $2.7M | $1.7M | $948K | — | View 990 |
| 2021 | $2.2M | $1.4M | $1.7M | $92K | — | View 990 |
| 2020 | $3.7M | $4.8M | $1.4M | $765K | — | View 990 |
| 2019 | $4.6M | $4.4M | $2.4M | $662K | — | View 990 |
| 2018 | $8.4M | $12.4M | $3.5M | $2.0M | — | View 990 |
| 2017 | $8.0M | $6.1M | $7.0M | $1.5M | — | View 990 |
| 2016 | $6.2M | $4.7M | $4.9M | $1.3M | — | View 990 |
| 2015 | $5.7M | $5.2M | $3.9M | $1.8M | — | View 990 |
| 2014 | $4.1M | $4.2M | $1.9M | $290K | — | View 990 |
| 2013 | $4.6M | $4.2M | $2.4M | $677K | — | View 990 |
| 2012 | $3.6M | $4.3M | $2.0M | $539K | — | View 990 |
| 2011 | $3.4M | $3.6M | $2.4M | $251K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.0M, and assets of $2.3M (revenue +22.0% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.7M, and assets of $1.7M (revenue -7.1% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.4M, and assets of $1.7M (revenue -41.4% year-over-year).
- 2020: Revenue of $3.7M, expenses of $4.8M, and assets of $1.4M (revenue -18.1% year-over-year).
- 2019: Revenue of $4.6M, expenses of $4.4M, and assets of $2.4M (revenue -46.0% year-over-year).
- 2018: Revenue of $8.4M, expenses of $12.4M, and assets of $3.5M (revenue +5.3% year-over-year).
- 2017: Revenue of $8.0M, expenses of $6.1M, and assets of $7.0M (revenue +30.0% year-over-year).
- 2016: Revenue of $6.2M, expenses of $4.7M, and assets of $4.9M (revenue +8.2% year-over-year).
- 2015: Revenue of $5.7M, expenses of $5.2M, and assets of $3.9M (revenue +38.8% year-over-year).
- 2014: Revenue of $4.1M, expenses of $4.2M, and assets of $1.9M (revenue -10.1% year-over-year).
- 2013: Revenue of $4.6M, expenses of $4.2M, and assets of $2.4M (revenue +26.0% year-over-year).
- 2012: Revenue of $3.6M, expenses of $4.3M, and assets of $2.0M (revenue +7.9% year-over-year).
- 2011: Revenue of $3.4M, expenses of $3.6M, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Solidago Foundation:
Data Sources and Methodology
This transparency report for Solidago Foundation 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.