Society to Aid Retarded Inc

Analysis

Society to Aid Retarded Inc is a registered charity in United States, based in Redondo Beach, CA. It received its IRS tax-exemption ruling in February 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Society to Aid Retarded Inc reported income of $6.1m and spending of $2.5m, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $6.1m (+363%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Society to Aid Retarded Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Sunshine Acres Childrens Home Inc ($6.1m), Del Haven Community Center ($6.1m) and North Dakota Association for the Disabled Inc ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $182k (7.1% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $10.0m against liabilities of $65k, net assets of $10.0m. It reported 43 employees.