Southern Anoka Community Assistance Inc

Analysis

Southern Anoka Community Assistance Inc is a registered charity in United States, based in Columbia HTS, MN. It received its IRS tax-exemption ruling in February 1977, 49 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 December 2023, Southern Anoka Community Assistance Inc reported income of $649k and spending of $656k, spending 101% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $272k to $649k (+138%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southern Anoka Community Assistance Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Good Business Colorado ($649k), Pathway to Work ($649k) and Ripple Community Inc ($649k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $203k (31% of expenses). Other salaries and wages came to $73k. It paid $100k in professional fundraising fees. At year end it held assets of $2.0m against liabilities of $1.2m, net assets of $795k. It reported 6 employees.