Source Course Inc

Analysis

Source Course Inc is a registered charity in United States, based in Kingsland, TX. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Source Course Inc reported income of $154k and spending of $153k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $218k to $154k (-29%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Source Course Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include Golden Valley Electric Foundation Inc ($154k), Joes Place Corporation ($154k) and Borrowed Hearts Foundation ($154k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,589 against liabilities of $0, net assets of $8,589.