Southeast Educational Foundation

Analysis

Southeast Educational Foundation is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Southeast Educational Foundation reported income of $5.4m and spending of $3.8m, leaving 30% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.9m to $5.4m (+37%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 63%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southeast Educational Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Jobs for Nevadas Graduates Inc ($5.3m), Grace Christian Academy of Leipers Fork ($5.4m) and Urban Dove Team Charter Schooliii ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $66k (1.7% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $4.8m against liabilities of $1.1m, net assets of $3.6m. It reported 100 employees.