SRCS Building Company

Analysis

SRCS Building Company is a registered charity in United States, based in Monticello, MN. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, SRCS Building Company reported income of $199k and spending of $336k, spending 169% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $198k to $199k (+0.2%), an average of +0.0% a year. Over the whole period it spent 129% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, SRCS Building Company sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within MN. Charities of a similar size with the same main cause include Pride of Falcon Nation Boosters ($199k), Spearfish Foundation for Public Education a SD Non Profit Corp ($199k) and Kentucky Financial Empowerment Foundation Incorporated ($199k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.1m against liabilities of $1.7m, net assets of -$652k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.