Servolution Network Inc

Analysis

Servolution Network Inc is a registered charity in United States, based in Azle, TX. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Servolution Network Inc reported income of $816k and spending of $820k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $563k to $816k (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Servolution Network Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Hhadc Incorporated ($816k), Ruth Harbor ($816k) and Mission First Housing Group Inc ($816k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $113k. It paid $2,060 in professional fundraising fees. At year end it held assets of $708k against liabilities of $57, net assets of $707k. It reported 6 employees.