Experiment in Self-Reliance Inc

Analysis

Experiment in Self-Reliance Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in September 1964, 62 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 June 2023, Experiment in Self-Reliance Inc reported income of $2.0m and spending of $2.2m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.0m (+7.7%), an average of +1.9% a year. The sharpest change came in the year to June 2023, when income dropped by 28%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Experiment in Self-Reliance Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Christian Care Manor II Inc ($2.0m), New York State Public High School Athletic Assoc Sec V ($2.0m) and Friends of the Rochester Publicmarket Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $128k (5.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.5m against liabilities of $803k, net assets of $1.7m. It reported 46 employees.