SRS Community Reuse Organization

Analysis

SRS Community Reuse Organization is a registered charity in United States, based in North Augusta, SC. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, SRS Community Reuse Organization reported income of $3.9m and spending of $4.7m, spending 122% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.0m to $3.9m (+89%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 71%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, SRS Community Reuse Organization sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within SC. Charities of a similar size with the same main cause include L E Phillips Career Development Center Inc ($3.9m), Mt Olive Community Outreach Center Inc ($3.9m) and Information Technology Senior Management Forum Inc ($3.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $239k (5.0% of expenses). At year end it held assets of $6.6m against liabilities of $163k, net assets of $6.5m. It reported 4 employees.