Serv Achievement Centers Inc

Analysis

Serv Achievement Centers Inc is a registered charity in United States, based in Hamilton Township, NJ. It received its IRS tax-exemption ruling in December 1987, 39 years ago. 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, Serv Achievement Centers Inc reported income of $20.0m and spending of $19.9m, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $17.9m to $20.0m (+12%), an average of +2.3% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Serv Achievement Centers Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Hope Christian Services ($20.0m), Episcopal Church Home of Minnesota ($20.0m) and Southwestern Athletic Conference ($20.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $193k (1.0% of expenses). Other salaries and wages came to $12.9m. At year end it held assets of $7.9m against liabilities of $7.2m, net assets of $617k. It reported 415 employees.