Southeastern Regional Genetics Group Inc

Analysis

Southeastern Regional Genetics Group Inc is a registered charity in United States, based in Lancaster, SC. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 Genetics Group Inc reported income of $191k and spending of $131k, leaving 32% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $114k to $191k (+68%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southeastern Regional Genetics Group Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 58th percentile within SC. Charities of a similar size with the same main cause include Dickens County Ambulance Service ($191k), Mariam Clinic ($191k) and Marthas House of Hope Inc ($191k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.3% and program service revenue 91% of the total. At year end it held assets of $221k against liabilities of $0, net assets of $221k.