Semcoa Inc

Analysis

Semcoa Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in May 1972, 54 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Semcoa Inc reported income of $9.7m and spending of $9.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $9.7m (+195%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 254%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Semcoa Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Nightlight Christian Adoptions ($9.7m), Lost Tree Village Charitable Foundation Inc ($9.7m) and Lincoln Academy Incorporated ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 27% of the total. Other salaries and wages came to $5.2m. At year end it held assets of $7.2m against liabilities of $3.5m, net assets of $3.6m. It reported 170 employees.