SBC Development Corporation Inc

Analysis

SBC Development Corporation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, SBC Development Corporation Inc reported income of $1.1m and spending of $1.3m, spending 111% of what it took in. Across the 6 years on record, from December 2017 to December 2023, income fell from $1.2m to $1.1m (-1.5%), an average of -0.3% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, SBC Development Corporation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Reap Food Group Inc ($1.1m), Survivor Ventures ($1.1m) and Senior Services Inc of Chester County ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $57k (4.5% of expenses). Other salaries and wages came to $487k. At year end it held assets of $537k against liabilities of $81k, net assets of $456k. It reported 27 employees.