Charity Search / SERC RELIABILITY CORPORATION
Environment (C35) 990 on File

SERC RELIABILITY CORPORATION

EIN: 20-3311003 · CHARLOTTE, NC 28277-3607 · United States · FY 2024 Data
2 out of 5 37 / 100 Based on a filing without expense detail
Financial strength (30%) 56/100
Reliability (20%) 40/100
Effectiveness (25%) 48/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$31.5M
Total Revenue
$32.2M
Total Expenses
$14.4M
Net Assets
121
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio N/A
Fundraising Efficiency N/A
Operating Reserve 5.37x
Liability-to-Asset 56.4%
Revenue Diversification 97.4%
Executive Compensation $3.3M
Compared with Peers
FY 2024
Compared with 187 similar organizations (United States, Environment, $10M–$100M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 3.2%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
5.4 mo 13.2 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
56.4% 15.6%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
97.4% 88.9%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
-5.0% 7.5%
P10P90
Expense growth
Year over year expense growth
11.2% 11.2%
P10P90
Surplus margin
Surplus as a share of revenue
-2.1% 2.8%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $31.5M $32.2M $14.4M — 121
2023 $33.2M $28.9M $15.1M — 109
2022 $26.6M $26.5M $10.7M — 111
2021 $25.7M $24.7M N/A — 107
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Organization Details
EIN
20-3311003
State
NC
City
CHARLOTTE
ZIP
28277-3607
Classification
C35
Category
Environment
Rating
2★
Coverage
C
Last Updated
Aug 2026
Form 990
On File
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