Services for the Underserved Inc

Analysis

Services for the Underserved Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2006, 20 years ago. 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 June 2023, Services for the Underserved Inc reported income of $261.0m and spending of $261.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $226.0m to $261.0m (+15%), an average of +3.7% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Services for the Underserved Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Los Angeles Regional Food Bank ($259.2m), Ukiah Adventist Hospital ($261.5m) and Trinity Health System ($255.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Other salaries and wages came to $89.9m. At year end it held assets of $179.8m against liabilities of $159.7m, net assets of $20.1m.