Successful Inc

Analysis

Successful Inc is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Successful Inc reported income of $109k and spending of $95k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $193k to $109k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Successful Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within TN. Charities of a similar size with the same main cause include Geneva Hist Soc Endowment Fund ($109k), Newport Sings ($109k) and Children of the Light Dancers Inc ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $131k against liabilities of $459, net assets of $130k.