SVC Foundation Corp

Analysis

SVC Foundation Corp is a registered charity in United States, based in Doral, FL. It received its IRS tax-exemption ruling in January 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 (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 2022, SVC Foundation Corp reported income of $185k and spending of $157k, spending 85% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $130k to $185k (+43%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, SVC Foundation Corp sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Hope for Developmental Disabilities ($185k), Wimberley Senior Citizens Activities Inc ($185k) and High Point Advocacy and Resource Center Inc ($185k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $34k. At year end it held assets of $125k against liabilities of $0, net assets of $125k. It reported 2 employees.