South Side Quarter Development

Analysis

South Side Quarter Development is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in July 2005, 21 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 December 2023, South Side Quarter Development reported income of $601k and spending of $450k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $347k to $601k (+73%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Side Quarter Development sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Ce12 Foundation ($601k), Work Plus Incorporated ($602k) and Hilliard Development Corporation ($601k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $654k against liabilities of $548k, net assets of $106k.