Southeast Enterprises Packaging and Assembly Specialists Inc

Analysis

Southeast Enterprises Packaging and Assembly Specialists Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in February 1976, 50 years ago. 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 Enterprises Packaging and Assembly Specialists Inc reported income of $2.5m and spending of $2.4m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.5m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southeast Enterprises Packaging and Assembly Specialists Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MO. Charities of a similar size with the same main cause include Construction Industry Training Council of Colorado Inc ($2.5m), Muslim Foundation Inc ($2.5m) and Opensecrets ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $123k (5.2% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.5m against liabilities of $150k, net assets of $2.3m. It reported 141 employees.