Servecom

Analysis

Servecom is a registered charity in United States, based in Ripley, TN. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Servecom reported income of $99k and spending of $13k, leaving 87% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $99k (+80%), an average of +80% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 13% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Servecom sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within TN. Charities of a similar size with the same main cause include Pikeville Affordable Housing Corporation Inc ($99k), Realtor-Community Housing Foundation Inc ($99k) and Southwest Florida Gwi Housing Xvi Inc ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. At year end it held assets of $200k against liabilities of $749, net assets of $199k.