Seneca Facilities Corporation

Analysis

Seneca Facilities Corporation is a registered charity in United States, based in Seneca, SC. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Seneca Facilities Corporation reported income of $1.1m and spending of $2.3m, spending 204% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $943k to $1.1m (+18%), an average of +5.6% a year. The sharpest change came in the year to June 2020, when income rose by 161%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Seneca Facilities Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within SC. Charities of a similar size with the same main cause include Octane Foundation for Innovation ($1.1m), Homeaid Atlanta Inc ($1.1m) and Dayton Area Chamber of Commerce Education & Public Imp Foundation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 89% of the total. At year end it held assets of $12.4m against liabilities of $9.8m, net assets of $2.6m.