Philip & Shirley Solomons Foundation Inc
Only null% goes to programs Strong reserves
Philip & Shirley Solomons Foundation Inc is a 501(c)(3) organization based in Savannah, Georgia, registered in 1997, with $2,096,049 in FY2024 revenue. CharityIndex grades it C+.
300 Bull St Apt 701, Savannah, GA, 31401 EIN 58-2273251 Since 1997
Revenue (FY2024)
$2.1M
▲ 41.0% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$947K
Net assets
$10.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Philip & Shirley Solomons Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating126 mo reserves · +55% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Philip & Shirley Solomons Foundation Inc: 126 mo reserves · +55% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Philip & Shirley Solomons Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Philip & Shirley Solomons Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 300 Bull St Apt 701, Savannah, GA, 31401
- City
- Savannah
- State
- Georgia
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $2.2M (FY2013) to $2.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $10.0M
Operating margin
54.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$10.0M
Total liabilities
$0
Net assets
$10.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,096,049▲41.0% | $947,479▲19.2% | $9,980,700▲7.8% | $9,980,700▲7.8% | 990PF |
| 2023 | $1,486,676▲7.9% | $794,872▼7.6% | $9,262,154▲5.5% | $9,262,154▲5.5% | 990PF |
| 2022 | $1,377,995▼27.4% | $860,010▲9.0% | $8,776,875▼3.5% | $8,776,875▼3.5% | 990PF |
| 2021 | $1,898,141▲83.6% | $788,681▲23.7% | $9,099,553▲8.8% | $9,099,553▲8.8% | 990PF |
| 2020 | $1,033,667▼45.7% | $637,387▼4.0% | $8,364,249▼0.8% | $8,364,249▼0.8% | 990PF |
| 2019 | $1,902,976▲34.5% | $663,885▲25.5% | $8,431,301▲15.8% | $8,431,301▲15.8% | 990PF |
| 2018 | $1,414,942▲19.4% | $529,164▲41.8% | $7,282,964▲14.1% | $7,282,964▲14.1% | 990PF |
| 2017 | $1,184,851▲25.0% | $373,213▼2.2% | $6,384,018▲15.0% | $6,384,018▲15.0% | 990PF |
| 2016 | $948,005▼26.8% | $381,565▲8.4% | $5,551,770▲10.7% | $5,551,770▲10.7% | 990PF |
| 2015 | $1,295,457▼10.2% | $351,842▲29.8% | $5,017,413▲24.1% | $5,017,413▲24.1% | 990PF |
| 2014 | $1,442,483▼34.1% | $271,125▲115% | $4,044,418▲40.1% | $4,044,418▲40.1% | 990PF |
| 2013 | $2,188,135 | $125,984▲17.0% | $2,886,458▲115% | $2,886,458▲115% | 990PF |
| 2012 | — | $107,651 | $1,342,857 | $1,342,857 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Philip & Shirley Solomons Foundation Inc a legitimate nonprofit?
- Yes. Philip & Shirley Solomons Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-2273251, based in Savannah, Georgia. Donations are tax-deductible.
- What is Philip & Shirley Solomons Foundation Inc's EIN?
- Philip & Shirley Solomons Foundation Inc's Employer Identification Number (EIN) is 58-2273251.
- How much revenue does Philip & Shirley Solomons Foundation Inc report?
- Philip & Shirley Solomons Foundation Inc reported $2,096,049 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Philip & Shirley Solomons Foundation Inc have?
- CharityIndex grades Philip & Shirley Solomons Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for Philip & Shirley Solomons Foundation Inc (EIN 58-2273251) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.