Southside Athletics Foundation Inc

Analysis

Southside Athletics Foundation Inc is a registered charity in United States, based in Rainbow City, AL. It received its IRS tax-exemption ruling in March 2008, 18 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 May 2024, Southside Athletics Foundation Inc reported income of $537k and spending of $721k, spending 134% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income grew from $325k to $537k (+65%), an average of +11% a year. The sharpest change came in the year to May 2022, when income rose by 32%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southside Athletics Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within AL. Charities of a similar size with the same main cause include Essex Food Hub Inc ($537k), Osher Lifelong Learning Institute at the University of Arizona ($537k) and Laborers Local No 91 Educational and Training Fund ($537k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 19% of the total. Other salaries and wages came to $10k. At year end it held assets of $92k against liabilities of $125k, net assets of -$33k.