Southbridge Community Servicers Inc

Analysis

Southbridge Community Servicers Inc is a registered charity in United States, based in New Castle, DE. It received its IRS tax-exemption ruling in December 2019, 7 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 2022, Southbridge Community Servicers Inc reported income of $1.4m and spending of $69k, leaving 95% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $282k to $1.4m (+380%), an average of +119% a year. The sharpest change came in the year to December 2021, when income rose by 194%. Over the whole period it spent 10% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southbridge Community Servicers Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within DE. Charities of a similar size with the same main cause include Bishop Non-Profit Housing Corporation ($1.4m), Trucare Transformation ($1.4m) and Onic-Hidden Cove Inc ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.