Secured Inc

Analysis

Secured Inc is a registered charity in United States, based in Luthvle Timon, MD. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Secured Inc reported income of $751k and spending of $429k, leaving 43% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $240k to $751k (+213%), an average of +77% a year. The sharpest change came in the year to December 2022, when income rose by 290%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Secured Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Rockhouse Foundation ($750k), Robertson Child Development Center Inc ($751k) and Kentucky Pilots Association Education Foundation Inc ($750k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $104k (24% of expenses). Other salaries and wages came to $28k. At year end it held assets of $905k against liabilities of $18k, net assets of $887k. It reported 1 employees.