Southeast Vocational Alliance Inc

Analysis

Southeast Vocational Alliance Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Southeast Vocational Alliance Inc reported income of $3.1m and spending of $3.2m, spending 105% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $6.7m to $3.1m (-54%), an average of -23% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southeast Vocational Alliance Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Minot Commission on Aging Inc ($3.1m), Hundred Nights Inc ($3.1m) and Parentstogether Foundation ($3.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $191k (5.9% of expenses). Other salaries and wages came to $214k. At year end it held assets of $1.9m against liabilities of $579k, net assets of $1.3m. It reported 7 employees.