Social Current Inc

Analysis

Social Current Inc is a registered charity in United States, based in Sturtevant, WI. It received its IRS tax-exemption ruling in June 1992, 34 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, Social Current Inc reported income of $14.7m and spending of $15.5m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $14.7m (+148%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Social Current Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Realize Impact ($14.7m), Developmental Services Center of Champaign County Inc ($14.7m) and Typical Life Corporation ($14.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $932k (6.0% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $24.6m against liabilities of $10.3m, net assets of $14.4m. It reported 84 employees.