South-East Asia Center

Analysis

South-East Asia Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1982, 44 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 June 2024, South-East Asia Center reported income of $2.5m and spending of $2.6m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $2.5m to $2.5m (-0.5%), an average of -0.1% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, South-East Asia Center sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Jim H Green Kidz Harbor Inc ($2.5m), Nueva Luz Urban Resource Center ($2.5m) and Fauntleroy Community Service Agency ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $83k (3.2% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $7.4m against liabilities of $115k, net assets of $7.2m. It reported 81 employees.