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Solace Charities INC FY2021 filing

Tax-deductible

Grapevine, TX501(c)(3)Human ServicesEIN 82-4468709

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Solace Charities aims to raise awareness and mobilize financial resources for the work carried out by Solace, a voluntary organization headquartered in Thrissur, India. Solace provides financial, medical, moral and social support for families with kids suffering from terminal illness, with the support of benevolent individuals and corporations around the world. Solace extends support to get the best available medical treatment for the suffering child in tandem with the medical fraternity. We provide children with life-saving medicines on a monthly basis and provide for traveling and stay to take the child to hospital for treatment. Solace organizes regular home care visits by a group of dedicated volunteers that makes them feel that they are not alone. For cancer patients, we also provide funds for chemotherapy, radiation therapy, and so on.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $6K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $172K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$162K
+26% vs prior year
Spent
$134K
To programs
98%
Net assets
$35K
By yearFY2020–FY2024
Revenue
$162K
FY2021▲ +26%
Revenue by fiscal year
FY2020$128K
FY2021$162K
FY2022$213K
FY2023$224K
FY2024$299K
Expenses
$134K
FY2021▼ -2%
Expenses by fiscal year
FY2020$136K
FY2021$134K
FY2022$233K
FY2023$164K
FY2024$330K
Net assets
$35K
FY2021▲ +413%
Net assets by fiscal year
FY2020$7K
FY2021$35K
FY2022$14K
FY2023$74K
FY2024$42K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $132K Fundraising 2% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Bysi Bhasi
Director
$0Pt VII · Sec A
Leyo Joseph
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Priya Menon
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Solace Charities INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports families with children facing terminal illness through financial, medical, and social aid.

Provided by the organization

This section is blank until Solace Charities INC claims this page.

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2 program services account for $132K of program spending, described in the organization's own filed words · FY2021.
01

Transfers to Solace Kerala, India.

$131Kprogram expense
02

During 2021, Solace helped the Cystic Fibrosis Research Institute

$414program expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
American Online Giving Foundation INCFY2024$152K
Fidelity Investments Charitable Gift FundFY2024$20K
Verizon FoundationFY2024$250
Total grants receivedfrom 3 funders$172K
See all 3 funders →

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$162K
Ln 12
Gifts and grantsLn 1h$162K
Money outPt IX
$134K
Ln 25
Programscol B$132K
Fundraisingcol D$2K
Owns and owesPt X
$35K
net assets · Ln 32
Cash and savingsLn 1–2$35K
Total assetsLn 16$35K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$162K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$162K
Assets in detailPt X, end of year
CashLn 1$35K
Cash and savings togetherLn 1–2$35K
Total assetsLn 16$35K
LiabilitiesLn 26$0
Net assetsLn 32$35K
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$7K$35K
Total assetsLn 16$7K$35K
LiabilitiesLn 26$0$0
Net assetsLn 32$7K$35K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$414$414
Grants and assistance to foreign recipientsLn 3$131K$131K
Accounting feesLn 11c$31$31
Advertising and promotionLn 12$750$750
Information technologyLn 14$324$324
Other expenses (24a–d)Ln 24$1K$87$0$1K
Total functional expensesLn 25$134K$132K$0$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $299K$330K−$31K$42K 990 PDF
FY2023 $224K$164K$60K$74K 990 PDF
FY2022 $213K$233K−$20K$14K 990 PDF
FY2021 Viewing $162K$134K$28K$35K 990 PDF
FY2020 $128K$136K−$8K$7K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $161,687 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$161,687
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$161,687
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$161,687
Part IX · Statement of functional expenses $133,916 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $414$414
IX-3 Grants and assistance to foreign recipientsPrograms $131,000$131,000
IX-11c Accounting feesPrograms $31$31
IX-12 Advertising and promotionFundraising $750$750
IX-14 Information technologyFundraising $324$324
IX-24 Other expenses (24a–d)Programs $87 · Management $0 · Fundraising $1,310$1,397
IX-25 Total functional expensesPrograms $131,532 · Management $0 · Fundraising $2,384$133,916
Part X · Balance sheet $34,501 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $6,730$34,501
X-16 Total assetsStart of year $6,730$34,501
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $6,730$34,501
X-33 Total liabilities and net assetsStart of year $6,730$34,501
Part XI · Reconciliation of net assets $34,501 net assets at year end
XI-1 Total revenue$161,687
XI-2 Total expenses$133,916
XI-3 Revenue less expenses$27,771
XI-4 Net assets at start of year$6,730
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$34,501

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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