Southeast Rural Community Assistance Project Inc

Analysis

Southeast Rural Community Assistance Project Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in October 1977, 49 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Southeast Rural Community Assistance Project Inc reported income of $9.0m and spending of $9.3m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.3m to $9.0m (+42%), an average of +9.2% a year. The sharpest change came in the year to September 2022, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southeast Rural Community Assistance Project Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include College of Biblical Studies-Houston ($9.0m), Crossroad Child & Family Services Inc ($9.0m) and Camden Community Partnership Inc ($9.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $179k (1.9% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $9.9m against liabilities of $7.7m, net assets of $2.2m. It reported 72 employees.