Src Inc
Src Inc shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 150589832 · N Syracuse, NY · NTEE: Z99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $356.0M |
| Total Expenses | $288.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $300 |
| Net Assets | $287.0M |
| Transparency Score | 90/100 |
Is Src Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Src Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Src Inc
Src Inc (EIN: 150589832) is a nonprofit organization based in N Syracuse, NY, classified under NTEE code Z99. The organization reported total revenue of $356.0M and total assets of $426.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Src Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Src Inc is a major nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $311.5M |
| Total Expenses | $288.4M |
| Surplus / Deficit | +$23.1M |
| Total Assets | $402.2M |
| Total Liabilities | $115.2M |
| Net Assets | $287.0M |
| Operating Margin | 7.4% |
| Debt-to-Asset Ratio | 28.6% |
| Months of Reserves | 16.7 months |
Financial Health Grade: A
In 2023, Src Inc reported a surplus of $23.1M with revenue exceeding expenses, holds 16.7 months of operating reserves (strong position), has a debt-to-asset ratio of 28.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Src Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.2% | -2.8% | +12.2% |
| 2022 | -7.6% | -4.4% | -2.9% |
| 2021 | -3.7% | -3.3% | -3.6% |
| 2020 | +15.5% | +8.5% | +6.9% |
| 2019 | +16.6% | +18.9% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Src Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Src Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $23.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of this size, with revenues exceeding $300 million, and suggests either a fully volunteer executive team or that compensation is reported under a different category not captured in 'Officer Comp'.
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.
Red Flags
The following concerns were identified during AI analysis of Src Inc's IRS 990 filings:
- NTEE Code Z99 (Unknown) makes mission unclear without further investigation
- Lack of detailed expense breakdown (program, admin, fundraising) in summary data
Strengths
The following positive indicators were identified for Src Inc:
- Consistent revenue growth over a decade, from $142.7M in 2014 to $311.4M in 2023
- Significant asset growth, reaching $402.2M in 2023, indicating financial stability
- Positive net income in most years, demonstrating sound financial management (e.g., $23M surplus in 2023)
- 0% reported officer compensation across all filings, suggesting high transparency or volunteer leadership
Frequently Asked Questions about Src Inc
Is Src Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Src Inc (EIN: 150589832) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Src Inc spend its money?
Src Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Src Inc tax-deductible?
Src Inc is registered as a tax-exempt nonprofit (EIN: 150589832). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Src Inc CEO make?
Src Inc's highest-compensated officer earns $300 annually. The organization reported $356.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Src Inc's spending goes to programs?
Src Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Src Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Src Inc is above average for NTEE category Z99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Src Inc located?
Src Inc is headquartered in N Syracuse, New York and files with the IRS under EIN 150589832. It is classified under NTEE code Z99.
How many years of IRS 990 filings does Src Inc have?
Src Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $356.0M in total revenue.
How does Src Inc manage to operate with 0% reported officer compensation given its large scale?
The consistent reporting of 0% officer compensation for an organization with revenues in the hundreds of millions of dollars is highly unusual. It suggests that executive leadership may be entirely volunteer-based, compensated through a related entity, or that compensation is categorized differently in their detailed financial statements not reflected in the 'Officer Comp' line item.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. A deeper dive into the full IRS Form 990 would be necessary to ascertain these specific ratios and evaluate spending efficiency more precisely.
What is the primary NTEE code Z99 and what does it signify for Src Inc's mission?
The NTEE code Z99 typically indicates 'Unknown' or 'Not Applicable' for the National Taxonomy of Exempt Entities. This lack of a specific NTEE code makes it difficult to immediately understand the organization's primary mission and program areas without further investigation into their detailed filings or public statements.
Filing History
IRS 990 filing history for Src Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Src Inc's revenue has grown by 45.6%, moving from $213.9M to $311.5M. Total assets increased by 45.8% over the same period, from $275.8M to $402.2M. Total functional expenses rose by 87.2%, from $154.0M to $288.4M. In its most recent filing year (2023), Src Inc reported a surplus of $23.1M, with revenue exceeding expenses. The organization holds $115.2M in liabilities against $402.2M in assets (debt-to-asset ratio: 28.6%), resulting in net assets of $287.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $311.5M | $288.4M | $402.2M | $115.2M | — | — |
| 2022 | $287.8M | $296.7M | $358.5M | $106.6M | — | — |
| 2021 | $311.4M | $310.3M | $369.3M | $72.2M | — | View 990 |
| 2020 | $323.3M | $321.0M | $383.0M | $87.0M | — | — |
| 2019 | $279.9M | $295.8M | $358.4M | $65.3M | — | View 990 |
| 2018 | $240.1M | $248.7M | $360.6M | $51.7M | — | View 990 |
| 2017 | $193.1M | $174.5M | $366.8M | $49.3M | — | View 990 |
| 2016 | $156.9M | $139.6M | $333.9M | $36.0M | — | View 990 |
| 2015 | $141.4M | $126.6M | $313.3M | $32.7M | — | View 990 |
| 2014 | $142.7M | $137.3M | $300.2M | $34.0M | — | View 990 |
| 2013 | $153.2M | $150.7M | $292.8M | $31.8M | — | View 990 |
| 2012 | $178.7M | $163.9M | $291.9M | $33.7M | — | View 990 |
| 2011 | $213.9M | $154.0M | $275.8M | $32.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $311.5M, expenses of $288.4M, and assets of $402.2M (revenue +8.2% year-over-year).
- 2022: Revenue of $287.8M, expenses of $296.7M, and assets of $358.5M (revenue -7.6% year-over-year).
- 2021: Revenue of $311.4M, expenses of $310.3M, and assets of $369.3M (revenue -3.7% year-over-year).
- 2020: Revenue of $323.3M, expenses of $321.0M, and assets of $383.0M (revenue +15.5% year-over-year).
- 2019: Revenue of $279.9M, expenses of $295.8M, and assets of $358.4M (revenue +16.6% year-over-year).
- 2018: Revenue of $240.1M, expenses of $248.7M, and assets of $360.6M (revenue +24.4% year-over-year).
- 2017: Revenue of $193.1M, expenses of $174.5M, and assets of $366.8M (revenue +23.0% year-over-year).
- 2016: Revenue of $156.9M, expenses of $139.6M, and assets of $333.9M (revenue +10.9% year-over-year).
- 2015: Revenue of $141.4M, expenses of $126.6M, and assets of $313.3M (revenue -0.9% year-over-year).
- 2014: Revenue of $142.7M, expenses of $137.3M, and assets of $300.2M (revenue -6.8% year-over-year).
- 2013: Revenue of $153.2M, expenses of $150.7M, and assets of $292.8M (revenue -14.2% year-over-year).
- 2012: Revenue of $178.7M, expenses of $163.9M, and assets of $291.9M (revenue -16.5% year-over-year).
- 2011: Revenue of $213.9M, expenses of $154.0M, and assets of $275.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Src Inc:
Data Sources and Methodology
This transparency report for Src Inc 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.