Services to Enhance Potential

Analysis

Services to Enhance Potential is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in November 1976, 50 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 September 2023, Services to Enhance Potential reported income of $18.4m and spending of $15.6m, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $16.2m to $18.4m (+14%), an average of +3.3% a year. The sharpest change came in the year to September 2023, when income rose by 28%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Services to Enhance Potential sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include B J Jordan Child Care Programs Inc ($18.4m), Ohio Living ($18.4m) and Greater Lansing Food Bank ($18.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $392k (2.5% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $20.0m against liabilities of $1.5m, net assets of $18.4m. It reported 881 employees.