Social & Economic Action for Lebanon Inc

Analysis

Social & Economic Action for Lebanon Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1998, 28 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 December 2023, Social & Economic Action for Lebanon Inc reported income of $1.6m and spending of $943k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $484k to $1.6m (+223%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 1176%. Over the whole period it spent 89% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Social & Economic Action for Lebanon Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Japan-America Society of Washington Inc ($1.6m), Insead Management Education Foundation ($1.6m) and Federation of Tamil Sangams of North America ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $128k. At year end it held assets of $1.9m against liabilities of $23k, net assets of $1.9m. It reported 1 employees.