SVRC Industries Inc Foundation

Analysis

SVRC Industries Inc Foundation is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, SVRC Industries Inc Foundation reported income of $80k and spending of $1.1m, spending 1354% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $48k to $80k (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 627% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, SVRC Industries Inc Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within MI. Charities of a similar size with the same main cause include Life Skills of Nebraska Inc ($80k), Minority Enterprise Development Corporation of Tampa Bay Inc ($80k) and Leadership Donelson-Hermitage ($79k).

At year end it held assets of $4.6m against liabilities of $0, net assets of $4.6m.

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.