Sola I Can Foundation
Only null% goes to programs Strong reserves Growing revenue
Sola I Can Foundation is a 501(c)(3) organization based in Los Angeles, California, registered in 2018, with $3,468,054 in FY2024 revenue. CharityIndex grades it C.
8629 S Vermont Ave, Los Angeles, CA, 90044 EIN 82-4698211 Since 2018
Revenue (FY2024)
$3.5M
▼ 51.7% vs prior year
Youth median: $163K
Expenses (FY2024)
$4.2M
Net assets
$5.8M
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 Sola I Can Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating17 mo reserves · -22% 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 Sola I Can Foundation: 17 mo reserves · -22% margin earns a C+ 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 Sola I Can Foundation— 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 Sola I Can Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 8629 S Vermont Ave, Los Angeles, CA, 90044
- City
- Los Angeles
- State
- California
- Category
- Youth Development
- Subcategory
- Youth Development Programs
Financial trends
Revenue grew from $294K (FY2019) to $3.5M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.8MNet assets $5.8M
Operating margin
-22.0%
Spent more than it raised in the latest fiscal year.
Total assets
$7.7M
Total liabilities
$1.8M
Net assets
$5.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,468,054▼51.7% | $4,232,110▲54.1% | $5,836,726▼11.5% | $7,686,002▼5.7% | 990 |
| 2023 | $7,185,507▲210% | $2,746,742▲30.7% | $6,594,813▲197% | $8,152,829▲265% | 990 |
| 2022 | $2,316,542▲281% | $2,102,291▲59.0% | $2,216,930▲10.6% | $2,236,696▲11.6% | 990 |
| 2021 | $607,648▼78.8% | $1,322,534▲335% | $2,004,573▼27.2% | $2,004,780▼27.2% | 990 |
| 2020 | $2,861,375▲875% | $304,143▲201% | $2,752,793▲1308% | $2,752,793▲1308% | 990 |
| 2019 | $293,603 | $100,882 | $195,561 | $195,561 | 990 |
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.
Grants received · $2.3M total
34 grants to Sola I Can Foundation totaling $2.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $78,396 |
| Kaiser Foundation Hospitals | Sola's 3rd annual sneaker ball gala | 2024 | $9,250 |
| Communities Foundation of Texas | This grant is designated for general support. | 2023 | $250,000 |
| Boston Foundation Inc | Operating support/annual fund | 2023 | $100,000 |
| Donor Advised Charitable Giving | Human services | 2023 | $50,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $35,500 |
| Jewish Federation Council of Greater Los Angeles | To enhance the jewish community | 2023 | $25,000 |
| Greater Houston Community Foundation | Human services | 2023 | $24,000 |
| American Online Giving Foundation Inc | General support | 2023 | $20,716 |
| American Online Giving Foundation Inc | General support | 2022 | $308,715 |
| Boston Foundation Inc | Operating support/annual fund | 2022 | $100,000 |
| Jewish Federation Council of Greater Los Angeles | Grant expense | 2022 | $45,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $25,000 |
| Boston Foundation Inc | Operating support/annual fund | 2021 | $101,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $80,360 |
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Frequently asked questions
- Is Sola I Can Foundation a legitimate nonprofit?
- Yes. Sola I Can Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 82-4698211, based in Los Angeles, California. Donations are tax-deductible.
- What is Sola I Can Foundation's EIN?
- Sola I Can Foundation's Employer Identification Number (EIN) is 82-4698211.
- How much revenue does Sola I Can Foundation report?
- Sola I Can Foundation reported $3,468,054 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Sola I Can Foundation have?
- CharityIndex grades Sola I Can Foundation C, based on financial health (reserves and operating margin).
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Data for Sola I Can Foundation (EIN 82-4698211) 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.