Social Resources Incorporated

Analysis

Social Resources Incorporated is a registered charity in United States, based in Macomb, MI. It received its IRS tax-exemption ruling in October 1974, 52 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 September 2023, Social Resources Incorporated reported income of $1.4m and spending of $1.6m, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.5m to $1.4m (-4.5%), an average of -1.1% a year. The sharpest change came in the year to September 2022, when income rose by 45%. Over the whole period it spent 119% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Social Resources Incorporated sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Flocks Guardians Inc ($1.4m), Open Arms Adoptions Inc ($1.4m) and Developmental Enrichment Center ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $267k (16% of expenses). Other salaries and wages came to $798k. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m. It reported 89 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.