South East Area Coalition Inc

Analysis

South East Area Coalition Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in September 1973, 53 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 (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, South East Area Coalition Inc reported income of $240k and spending of $236k, spending 98% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $178k to $240k (+35%), an average of +35% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South East Area Coalition Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Clay County Communitites Revitalization Association Inc ($240k), Rotary Club of Redondo Beach Community Foundation ($240k) and Niagara Orleans Regional Land Improvement Corporation ($240k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $54k (23% of expenses). Other salaries and wages came to $70k. At year end it held assets of $178k against liabilities of $45k, net assets of $133k. It reported 4 employees.