Southern Union State Community College Foundation

Analysis

Southern Union State Community College Foundation is a registered charity in United States, based in Wadley, AL. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Southern Union State Community College Foundation reported income of $308k and spending of $226k, leaving 26% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $69k to $308k (+345%), an average of +45% a year. The sharpest change came in the year to September 2022, when income rose by 163%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Southern Union State Community College Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within AL. Charities of a similar size with the same main cause include Friends of Unistream Inc ($307k), Sawnee Electric Membership Foundation Inc ($308k) and Impact 100 NYC Inc ($307k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $892k against liabilities of $0, net assets of $892k.