Service Corps of Retired Executives Association

Analysis

Service Corps of Retired Executives Association is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1976, 50 years ago. 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, Service Corps of Retired Executives Association reported income of $20.6m and spending of $20.3m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $17.1m to $20.6m (+20%), an average of +4.7% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Service Corps of Retired Executives Association 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 93rd percentile within DC. Charities of a similar size with the same main cause include Dr Miriam and Sheldon G Adelson Educational Institute ($20.5m), Pesach Tikvah-Hope Development Inc ($20.6m) and YMCA of Central Ky ($20.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $1.4m (7.1% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $13.0m against liabilities of $2.3m, net assets of $10.7m. It reported 52 employees.