Southampton Association Inc

Analysis

Southampton Association Inc is a registered charity in United States, based in Southampton, NY. It received its IRS tax-exemption ruling in May 1964, 62 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southampton Association Inc reported income of $368k and spending of $300k, spending 82% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $199k to $368k (+85%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southampton Association Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Heart of Biddeford ($367k), Bannock Planning Organization ($368k) and San Juan Foundation ($367k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 8.7% of the total. Other salaries and wages came to $28k. At year end it held assets of $623k against liabilities of $0, net assets of $623k.