South Bend & Vicinity Electrical

Analysis

South Bend & Vicinity Electrical is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, South Bend & Vicinity Electrical reported income of $954k and spending of $1.0m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $871k to $954k (+9.6%), an average of +2.3% a year. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Bend & Vicinity Electrical sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include Downtown Somerville Alliance ($954k), Georgia City Solutions Inc ($955k) and American Society of Brewing Chemists Inc ($954k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $144k (14% of expenses). Other salaries and wages came to $302k. At year end it held assets of $1.5m against liabilities of $65k, net assets of $1.4m. It reported 34 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.