Secor

Analysis

Secor is a registered charity in United States, based in Parker, CO. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Secor reported income of $2.7m and spending of $3.4m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.7m (+59%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 118%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Secor sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include Reach for Youth ($2.7m), Future Ready Five ($2.7m) and Living Lands Trust ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $209k (6.2% of expenses). Other salaries and wages came to $471k. At year end it held assets of $3.7m against liabilities of $3.1m, net assets of $576k. It reported 29 employees.