Servicesource Foundation Inc

Analysis

Servicesource Foundation Inc is a registered charity in United States, based in Oakton, VA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Servicesource Foundation Inc reported income of $3.8m and spending of $1.2m, leaving 68% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $5.1m to $3.8m (-25%), an average of -9.1% a year. The sharpest change came in the year to June 2022, when income dropped by 44%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Servicesource Foundation Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Community Action Center Inc ($3.8m), Otsar Family Services Inc ($3.8m) and Homes of Oakridge Human Services ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $16.3m against liabilities of $32k, net assets of $16.3m.