Success Capital Expansion & Development Corporation

Analysis

Success Capital Expansion & Development Corporation is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in March 1986, 40 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 September 2023, Success Capital Expansion & Development Corporation reported income of $804k and spending of $649k, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $673k to $804k (+19%), an average of +4.6% a year. The sharpest change came in the year to September 2021, when income rose by 86%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Success Capital Expansion & Development Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Ohio Association for the Education of Young Children ($804k), Los Compadres de San Antonio Missions National Historical Park ($804k) and Castro Valley Soccer Club ($804k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $164k (25% of expenses). Other salaries and wages came to $196k. At year end it held assets of $2.7m against liabilities of $987k, net assets of $1.7m. It reported 3 employees.