Serc Reliability Corporation
Serc Reliability Corporation shows strong financial growth and zero reported officer compensation over the past decade.
EIN: 203311003 · Charlotte, NC · NTEE: C35 · Updated: 2026-03-28
Is Serc Reliability Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Serc Reliability Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Serc Reliability Corporation
Serc Reliability Corporation (EIN: 203311003) is a nonprofit organization based in Charlotte, NC, classified under NTEE code C35. The organization reported total revenue of $55.1M and total assets of $21.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Serc Reliability Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Serc Reliability Corporation is a major nonprofit that has been operating for 1 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $33.2M |
| Total Expenses | $28.9M |
| Surplus / Deficit | +$4.2M |
| Total Assets | $21.7M |
| Total Liabilities | $6.7M |
| Net Assets | $15.1M |
| Operating Margin | 12.8% |
| Debt-to-Asset Ratio | 30.7% |
| Months of Reserves | 9.0 months |
Financial Health Grade: A
In 2023, Serc Reliability Corporation reported a surplus of $4.2M with revenue exceeding expenses, holds 9.0 months of operating reserves (strong position), has a debt-to-asset ratio of 30.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Serc Reliability Corporation's revenue has grown at a compound annual growth rate (CAGR) of 8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.5% | +9.1% | +22.8% |
| 2022 | +3.6% | +7.4% | +9.0% |
| 2021 | +10.1% | +5.8% | +10.0% |
| 2020 | -10.5% | +10.0% | +2.1% |
| 2019 | +38.2% | +22.8% | +67.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2025 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Serc Reliability Corporation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Serc Reliability Corporation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees. This is an exceptional level of financial transparency and a strong positive indicator for an organization of its size, with latest reported revenue of $33,179,989.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Serc Reliability Corporation:
- Consistent revenue growth, from $16.3M in 2014 to $33.1M in 2023.
- Strong asset growth, increasing from $9.2M in 2014 to $21.7M in 2023.
- Exceptional transparency with 0% reported officer compensation across all filings.
- Healthy financial surplus in recent years, e.g., $4.2M in 2023 ($33.1M revenue vs $28.9M expenses).
- Well-managed liabilities relative to assets, indicating financial stability.
Frequently Asked Questions about Serc Reliability Corporation
Is Serc Reliability Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Serc Reliability Corporation (EIN: 203311003) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Serc Reliability Corporation spend its money?
Serc Reliability Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Serc Reliability Corporation tax-deductible?
Serc Reliability Corporation is registered as a tax-exempt nonprofit (EIN: 203311003). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Serc Reliability Corporation a good charity?
Based on the provided financial data, Serc Reliability Corporation appears to be a very good organization. It demonstrates strong financial health, consistent revenue growth, and exceptional transparency regarding executive compensation (0% reported).
How has Serc Reliability Corporation's financial health changed over time?
Serc Reliability Corporation has shown significant financial growth and improved health over the past decade. Revenue has steadily increased from $16,331,245 in 2014 to $33,179,989 in 2023, and assets have more than doubled from $9,207,473 to $21,744,979 in the same period, indicating robust financial management and stability.
What is Serc Reliability Corporation's approach to executive compensation?
Serc Reliability Corporation has consistently reported 0% officer compensation in all available IRS 990 filings. This indicates a highly transparent and mission-focused approach where no compensation is allocated to its officers, directors, trustees, or key employees, which is a rare and commendable practice for an organization of its size.
Filing History
IRS 990 filing history for Serc Reliability Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Serc Reliability Corporation's revenue has grown by 178.9%, moving from $11.9M to $33.2M. Total assets increased by 402.6% over the same period, from $4.3M to $21.7M. Total functional expenses rose by 153.7%, from $11.4M to $28.9M. In its most recent filing year (2023), Serc Reliability Corporation reported a surplus of $4.2M, with revenue exceeding expenses. The organization holds $6.7M in liabilities against $21.7M in assets (debt-to-asset ratio: 30.7%), resulting in net assets of $15.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $33.2M | $28.9M | $21.7M | $6.7M | — | — |
| 2022 | $26.6M | $26.5M | $17.7M | $7.0M | — | View 990 |
| 2021 | $25.7M | $24.7M | $16.2M | $5.6M | — | View 990 |
| 2020 | $23.4M | $23.3M | $14.8M | $5.1M | — | — |
| 2019 | $26.1M | $21.2M | $14.5M | $4.9M | — | View 990 |
| 2018 | $18.9M | $17.3M | $8.7M | $4.9M | — | View 990 |
| 2017 | $16.2M | $16.7M | $6.6M | $4.5M | — | — |
| 2016 | $15.1M | $16.8M | $6.7M | $4.0M | — | View 990 |
| 2015 | $16.1M | $15.9M | $8.2M | $3.7M | — | View 990 |
| 2014 | $16.3M | $15.4M | $9.2M | $4.9M | — | View 990 |
| 2013 | $14.3M | $15.5M | $8.6M | $5.2M | — | View 990 |
| 2012 | $15.6M | $13.2M | $7.7M | $3.0M | — | View 990 |
| 2011 | $11.9M | $11.4M | $4.3M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $33.2M, expenses of $28.9M, and assets of $21.7M (revenue +24.5% year-over-year).
- 2022: Revenue of $26.6M, expenses of $26.5M, and assets of $17.7M (revenue +3.6% year-over-year).
- 2021: Revenue of $25.7M, expenses of $24.7M, and assets of $16.2M (revenue +10.1% year-over-year).
- 2020: Revenue of $23.4M, expenses of $23.3M, and assets of $14.8M (revenue -10.5% year-over-year).
- 2019: Revenue of $26.1M, expenses of $21.2M, and assets of $14.5M (revenue +38.2% year-over-year).
- 2018: Revenue of $18.9M, expenses of $17.3M, and assets of $8.7M (revenue +16.8% year-over-year).
- 2017: Revenue of $16.2M, expenses of $16.7M, and assets of $6.6M (revenue +7.3% year-over-year).
- 2016: Revenue of $15.1M, expenses of $16.8M, and assets of $6.7M (revenue -6.2% year-over-year).
- 2015: Revenue of $16.1M, expenses of $15.9M, and assets of $8.2M (revenue -1.6% year-over-year).
- 2014: Revenue of $16.3M, expenses of $15.4M, and assets of $9.2M (revenue +14.2% year-over-year).
- 2013: Revenue of $14.3M, expenses of $15.5M, and assets of $8.6M (revenue -8.5% year-over-year).
- 2012: Revenue of $15.6M, expenses of $13.2M, and assets of $7.7M (revenue +31.4% year-over-year).
- 2011: Revenue of $11.9M, expenses of $11.4M, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Serc Reliability Corporation:
Data Sources and Methodology
This transparency report for Serc Reliability Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.