Southeastern Regional Action Council on Substance Abuse Inc

Analysis

Southeastern Regional Action Council on Substance Abuse Inc is a registered charity in United States, based in Norwich, CT. It received its IRS tax-exemption ruling in October 1994, 32 years ago. 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, Southeastern Regional Action Council on Substance Abuse Inc reported income of $1.3m and spending of $1.4m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $839k to $1.3m (+60%), an average of +12% a year. The sharpest change came in the year to June 2022, when income dropped by 100%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southeastern Regional Action Council on Substance Abuse Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include The Asheville City Schools Foundation ($1.3m), Dogs for Our Brave Inc ($1.3m) and Riverbend Christian School Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $161k (11% of expenses). Other salaries and wages came to $382k. At year end it held assets of $742k against liabilities of $458k, net assets of $285k. It reported 11 employees.