Sourceamerica
94% goes to programs Strong reserves
Sourceamerica is a 501(c)(3) organization based in Vienna, Virginia, registered in 1974, with $157,651,082 in FY2024 revenue. CharityIndex grades it A+, and it directs about 94% of spending to programs.
8401 Old Courthouse Road, Vienna, VA, 22182 EIN 52-1007153 Since 1974
Revenue (FY2024)
$157.7M
▼ 9.2% vs prior year
Employment median: $367K
Expenses (FY2024)
$145.8M
Net assets
$168.4M
Employees
463
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating94% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Sourceamerica: 94% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating14 mo reserves · +8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Sourceamerica: 14 mo reserves · +8% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Sourceamerica: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Sourceamerica: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Create employment opportunities and choices for people with significant disabilities.
What they do
Sourceamerica's investments in the network represent strategic, long-term projects designed to help network nonprofit agencies successfully participate in the abilityone program. these investment projects typically involve funding over $100,000 and focus on providing resources and tools essential for abilityone program projects and requirements. for the fiscal year, the total investments in the network were $9,379,720. see schedule o for continuation. examples of network investments planned for fy25 include grants to support the implementation of new abilityone commission compliance policies, grants for nonprofit agency technology and automation enhancements for manufacturers, sourceamerica sponsored training programs for it and knowledge-based employment, and an investment in a job board to assist with federal contractor recruitment efforts.
Contact & location
- Address
- 8401 Old Courthouse Road, Vienna, VA, 22182
- City
- Vienna
- State
- Virginia
- Category
- Employment
- Subcategory
- Vocational Rehabilitation
- Phone
- …
- Website
- …
Financial trends
Revenue held steady from $155.4M (FY2013) to $157.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $22.2MNet assets $168.4M
Operating margin
7.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$190.6M
Total liabilities
$22.2M
Net assets
$168.4M
Salaries & benefits
$73.9M
51% of expenses
Board members
20
20 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $157,651,082▼9.2% | $145,792,809▼12.5% | $168,415,541▲12.5% | $190,606,209▲11.6% | 990 |
| 2023 | $173,576,647▼12.1% | $166,670,755▼13.6% | $149,732,638▲15.8% | $170,784,471▲10.1% | 990 |
| 2022 | $197,524,732▲11.9% | $192,884,701▲18.5% | $129,261,890▲9.4% | $155,152,091▲15.6% | 990 |
| 2021 | $176,485,645▼6.4% | $162,812,403▼3.4% | $118,163,747▼0.7% | $134,198,819▼2.4% | 990 |
| 2020 | $188,627,883▲19.5% | $168,511,963▲14.0% | $118,972,185▲27.6% | $137,455,803▲11.8% | 990 |
| 2019 | $157,831,452▼1.3% | $147,764,265▼0.4% | $93,255,223▲12.8% | $122,990,438▲22.1% | 990 |
| 2018 | $159,889,583▼2.0% | $148,370,910▼7.2% | $82,669,551▲16.2% | $100,713,780▲7.8% | 990 |
| 2017 | $163,072,829▲15.9% | $159,823,800▲12.4% | $71,149,510▲4.3% | $93,446,046▲12.8% | 990 |
| 2016 | $140,756,425▼6.9% | $142,211,625▼6.5% | $68,245,114▼0.3% | $82,854,526▼1.7% | 990 |
| 2015 | $151,220,014▲5.8% | $152,149,604▲6.7% | $68,445,246▲1.2% | $84,316,350▼3.3% | 990 |
| 2014 | $142,947,694▼8.0% | $142,596,897▼8.0% | $67,643,709▼4.1% | $87,164,346▼0.9% | 990 |
| 2013 | $155,371,516 | $154,951,115▲29.7% | $70,545,986▲0.8% | $87,945,396▲5.6% | 990 |
| 2012 | — | $119,473,713▲9.1% | $69,981,778▲5.0% | $83,278,116▲2.4% | 990 |
| 2011 | — | $109,489,286▲42.7% | $66,617,594▲2.2% | $81,347,401▲7.6% | 990 |
| 2010 | — | $76,702,166▲14.2% | $65,201,854▼1.5% | $75,604,582▼1.4% | 990 |
| 2009 | — | $67,140,800 | $66,171,897 | $76,649,646 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Richard Belden — $615,445 (0.42% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Richard Belden | President & Ceo | 50 | $615,445 |
| Wes Tyler | Coo | 50 | $364,095 |
| Angelo Grima | General Counsel (until 5/25) | 50 | $313,139 |
| Jeffrey Mccaw | Cfo | 50 | $311,884 |
| Jill Johnson | Vp, Products | 50 | $254,962 |
| Ricardo Terrazas | Vp, Government Affairs | 50 | $251,603 |
| Mike Caldrone | Vp, It | 50 | $248,182 |
| Tom Hartigan | Vp, Account Services | 50 | $247,608 |
| Charles Heritage | Vp,business Development | 50 | $246,772 |
| Brett Coffee | General Counsel (from 11/24) | 50 | $42,980 |
| Allen Connely | Director | 1.5 | — |
| Armando Contreras | Director | 1.5 | — |
| Bob Daniels | Director | 1.5 | — |
| Brian Behler | Director | 1.5 | — |
| Catherine Meloy | Treasurer(until 2/25) | 1.5 | — |
| Charlotte Hammond | Director (from 3/25) | 1.5 | — |
| David Eagles | Director (until 2/25) | 1.5 | — |
| Deborah Copeland | Director | 1.5 | — |
| Greg Giddens | Director (until 2/25) | 1.5 | — |
| John Bogasky | Treasurer (from 3/25) | 1.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Global Connections To Employment Inc | Facility Maintenance | $15,970,822 |
| Lighthouse For the Blind | Agreement Services | $12,236,380 |
| Ginn Group Inc | Facility Maintenance | $9,198,493 |
| Piccola Manufacturing Co | Facility Maintenance | $4,686,390 |
| Ud Contracting Inc | Facility Maintenance | $4,218,832 |
Grants made · $9.3M in FY2024
274 grants totaling $9.3M in FY2024 — showing the 15 largest. All grants made by Sourceamerica →
| Recipient | Purpose | Amount |
|---|---|---|
| Readyone Industries Inc | Training, compliance, & certification grant, strategic investment | $418,828 |
| Nysarc Inc | Growth, technology, & modernization grant, marketing social media interns, training, compliance, & certification grant, strategic investment | $406,432 |
| North Bay Rehabilitation Services | Strategic investment grant | $188,386 |
| Dawn Enterprises Inc | Regulatory compliance grant, strategic investment grant | $186,039 |
| Goodwill Contract Services Hawaii Inc | Ers, npa training vouchers | $122,075 |
| Portco Inc | Cmmc, ers, growth, modernization & technology, marketing & social media grant, regulatory compliance, training, certification & compliance grant | $105,776 |
| Via of the Lehigh Valley Inc | Ers, growth, technology, & modernization grant, npa training vouchers, qwe, training, compliance, & certification grant | $97,434 |
| Job Options Inc | Cmmc, growth, modernization & technology grant, regulatory compliance grant | $82,500 |
| The Arc Caddo-bossier | Emergency support grant, ers, growth, technology, & modernization grant, npa training vouchers, qwe, training, compliance, & certification grant | $82,038 |
| Pueblo Diversified Industries Inc | Qwe | $81,782 |
| Nysarc Inc | Growth, technology & modernization grant,, qwe | $80,248 |
| Southeastern Kentucky Rehabilitation Industries Inc | Emergency support grant, growth, technology, & modernization grant, npa training vouchers | $78,330 |
| Lanakila Pacific | Cmmc grant, emergency support grant, growth, technology & modernization grant, npa training vouchers, training, certification & compliance grant | $73,381 |
| Soar 365 | Cmmc grant, npa training vouchers, qwe, training, certification & compliance grant | $73,024 |
| Employment Horizons Inc | Growth, technology, & modernization grant | $70,164 |
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Frequently asked questions
- Is Sourceamerica a legitimate nonprofit?
- Yes. Sourceamerica is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-1007153, based in Vienna, Virginia. Donations are tax-deductible.
- What is Sourceamerica's EIN?
- Sourceamerica's Employer Identification Number (EIN) is 52-1007153.
- How much revenue does Sourceamerica report?
- Sourceamerica reported $157,651,082 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Sourceamerica's spending goes to programs?
- Sourceamerica spends about 94% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Sourceamerica have?
- CharityIndex grades Sourceamerica A+, based on program efficiency and fundraising cost.
- How much does Sourceamerica's highest-paid employee make?
- The highest reported compensation on Sourceamerica's latest Form 990 is $615,445, paid to Richard Belden (President & Ceo).
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Data for Sourceamerica (EIN 52-1007153) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.