Southeast Asian Refugee Community Home-Search

Analysis

Southeast Asian Refugee Community Home-Search is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover employment, 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, Southeast Asian Refugee Community Home-Search reported income of $204k and spending of $325k, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $417k to $204k (-51%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southeast Asian Refugee Community Home-Search sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Bizworks Enterprise Center ($204k), Quality Life Blueprint ($204k) and Friends of Panthertown ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $90k (28% of expenses). Other salaries and wages came to $86k. At year end it held assets of $301k against liabilities of $5,025, net assets of $296k. It reported 4 employees.