Successlink Inc

Analysis

Successlink Inc is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in November 1995, 31 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 June 2023, Successlink Inc reported income of $2.1m and spending of $2.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.1m (+57%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Successlink Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within IA. Charities of a similar size with the same main cause include Society for the Prevention of Teen Suicide Inc ($2.1m), Tri County Senior Nutrition Project Incorporated ($2.1m) and Desarrollo Familiar ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $607k. At year end it held assets of $899k against liabilities of $419k, net assets of $480k. It reported 19 employees.