Secure Benefit Services Inc

Analysis

Secure Benefit Services Inc is a registered charity in United States, based in Saint Petersburg, FL. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Secure Benefit Services Inc reported income of $613k and spending of $573k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $431k to $613k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Secure Benefit Services Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Asia-Pacific International University Foundation ($613k), Homegrown National Park Inc ($613k) and Lexington Symphony Inc ($613k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $110k (19% of expenses). Other salaries and wages came to $116k. At year end it held assets of $2.8m against liabilities of $2.7m, net assets of $56k. It reported 4 employees.