Center for Southeast Asians

Analysis

Center for Southeast Asians is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in October 1988, 38 years ago. 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 September 2023, Center for Southeast Asians reported income of $3.4m and spending of $3.7m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $3.4m (+198%), an average of +31% a year. The sharpest change came in the year to September 2021, when income rose by 318%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center for Southeast Asians sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within RI. Charities of a similar size with the same main cause include Faculty Student Association of Downstate Medical Center Inc ($3.4m), The Foundation of Hope for Research & Treatment of Mental Illness ($3.4m) and William a and Margaretta Taylor Memorial Association ($3.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $291k (7.9% of expenses). Other salaries and wages came to $818k. At year end it held assets of $4.9m against liabilities of $713k, net assets of $4.2m. It reported 17 employees.