Specially Adapted Resource Club

Analysis

Specially Adapted Resource Club is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in December 2006, 20 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, Specially Adapted Resource Club reported income of $373k and spending of $292k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $463k to $373k (-19%), an average of -5.3% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Specially Adapted Resource Club sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Express Immigration Services ($373k), Cancer Services of Davidson County Inc ($373k) and New Life Ministries - Indiana Inc ($373k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $93k (32% of expenses). Other salaries and wages came to $118k. At year end it held assets of $128k against liabilities of $0, net assets of $128k. It reported 11 employees.