Southeast Asian Coalition of Central Mass Inc

Analysis

Southeast Asian Coalition of Central Mass Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Southeast Asian Coalition of Central Mass Inc reported income of $2.3m and spending of $1.4m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $410k to $2.3m (+450%), an average of +53% a year. The sharpest change came in the year to December 2020, when income rose by 165%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southeast Asian Coalition of Central Mass Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Cambridge Economic Opportunity Committee Inc ($2.3m), Delta Center for Independent Living Inc ($2.3m) and The Caring Place ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $207k (15% of expenses). Other salaries and wages came to $593k. At year end it held assets of $5.1m against liabilities of $862k, net assets of $4.2m. It reported 42 employees.