Social Action Center Inc

Analysis

Social Action Center Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Social Action Center Inc reported income of $884k and spending of $1.1m, spending 121% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $494k to $884k (+79%), an average of +34% a year. The sharpest change came in the year to June 2022, when income rose by 110%. Over the whole period it spent 150% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Social Action Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Halpern-Oppenheimer Family Foundation Inc ($882k), T F O C Incorporated ($885k) and Jack R Macdonald Charitable Trust ($882k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $124k (12% of expenses). Other salaries and wages came to $511k. At year end it held assets of $293k against liabilities of $302k, net assets of -$8,795.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.