Southeastern Regional Credit Union Schools Inc

Analysis

Southeastern Regional Credit Union Schools Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in April 1989, 37 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southeastern Regional Credit Union Schools Inc reported income of $471k and spending of $441k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $370k to $471k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 18916%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southeastern Regional Credit Union Schools Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Assembly of God Calvary Mission Church ($471k), Institute for a Secure America Inc ($471k) and Assured Womens Healthcare Inc ($471k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 98% of the total. At year end it held assets of $440k against liabilities of $0, net assets of $440k.