Southside Services Inc

Analysis

Southside Services Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1974, 52 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 December 2023, Southside Services Inc reported income of $459k and spending of $454k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $462k to $459k (-0.6%), an average of -0.2% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southside Services Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Barton County Youth Care Inc ($459k), Aunt Faye Educational Foundation ($459k) and We Defy ($459k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $313k (69% of expenses). At year end it held assets of $206k against liabilities of $365, net assets of $206k. It reported 6 employees.