The Southeastern Council on Alcoholism and Drug Dependence Inc

Analysis

The Southeastern Council on Alcoholism and Drug Dependence Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in June 1972, 54 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, The Southeastern Council on Alcoholism and Drug Dependence Inc reported income of $22.6m and spending of $15.7m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.8m to $22.6m (+131%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 107%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Southeastern Council on Alcoholism and Drug Dependence Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include Community Blood Center Inc ($22.6m), On Lok Inc HCSR ($22.6m) and University Extended Care Inc ($22.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $448k (2.9% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $13.1m against liabilities of $4.9m, net assets of $8.2m. It reported 216 employees.