Southern Education Foundation Inc

Analysis

Southern Education Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 1942, 84 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Southern Education Foundation Inc reported income of $6.5m and spending of $6.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $6.5m (+377%), an average of +48% a year. The sharpest change came in the year to December 2021, when income rose by 157%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southern Education Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Green Hedges School Inc ($6.5m), United for Respect Education Fund ($6.5m) and Nsu Facilities Corporation ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $930k (14% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $34.0m against liabilities of $1.3m, net assets of $32.7m. It reported 27 employees.