Semcac Inc

Analysis

Semcac Inc is a registered charity in United States, based in Rushford, MN. It received its IRS tax-exemption ruling in November 1966, 60 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Semcac Inc reported income of $20.1m and spending of $17.4m, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $14.6m to $20.1m (+37%), an average of +8.2% a year. The sharpest change came in the year to September 2023, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Semcac Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Burlington United Methodist Family Services Inc ($20.1m), Penney Retirement Community Inc ($20.1m) and Christian Homes Inc ($20.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $236k (1.4% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $12.4m against liabilities of $3.5m, net assets of $8.9m. It reported 323 employees.