Southern Word Inc

Analysis

Southern Word Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Southern Word Inc reported income of $703k and spending of $675k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $520k to $703k (+35%), an average of +7.9% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Southern Word Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within TN. Charities of a similar size with the same main cause include Momentum Dance Ensemble ($703k), Prison Pet Partnership ($703k) and Communities in Schools of East Chicago Incorporated ($703k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $53k (7.8% of expenses). Other salaries and wages came to $150k. At year end it held assets of $267k against liabilities of $63k, net assets of $204k. It reported 3 employees.