Secac

Analysis

Secac is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in July 1978, 48 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 December 2023, Secac reported income of $220k and spending of $276k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $230k to $220k (-4.4%), an average of -1.1% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Secac sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within GA. Charities of a similar size with the same main cause include Nickerson Family Association Inc ($220k), Foundation for Saline Area Schools ($220k) and Glacier Hockey Association Inc ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 59% of the total. Other salaries and wages came to $52k. At year end it held assets of $618k against liabilities of $972, net assets of $617k. It reported 2 employees.