Southeast Asia Development Program Inc

Analysis

Southeast Asia Development Program Inc is a registered charity in United States, based in Newton HLDS, MA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Southeast Asia Development Program Inc reported income of $306k and spending of $663k, spending 217% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $900k to $306k (-66%), an average of -24% a year. The sharpest change came in the year to June 2023, when income dropped by 63%. Over the whole period it spent 82% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Southeast Asia Development Program Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Christian Light School ($306k), Crossing Boundaries Incorporated ($306k) and The 88 Project ($306k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $117k (18% of expenses). Other salaries and wages came to $98k. At year end it held assets of $1.4m against liabilities of $18k, net assets of $1.4m.