Sek-Cap Inc

Analysis

Sek-Cap Inc is a registered charity in United States, based in Girard, KS. It received its IRS tax-exemption ruling in June 1970, 56 years ago. Its declared purposes cover community improvement and capacity building, 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 November 2023, Sek-Cap Inc reported income of $17.3m and spending of $16.4m, spending 95% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $14.6m to $17.3m (+19%), an average of +4.4% a year. The sharpest change came in the year to November 2021, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sek-Cap Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within KS. Charities of a similar size with the same main cause include East Missouri Action Agency Inc ($17.3m), Russell Innovation Center for Entrepreneurs Inc ($17.3m) and Cortex ($17.2m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 91% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $177k (1.1% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $13.2m against liabilities of $2.6m, net assets of $10.6m. It reported 286 employees.