Southeast Economic Development Fund Inc

Analysis

Southeast Economic Development Fund Inc is a registered charity in United States, based in Park Hills, MO. It received its IRS tax-exemption ruling in September 2014, 12 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 September 2023, Southeast Economic Development Fund Inc reported income of $194k and spending of $161k, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $126k to $194k (+54%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 154%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southeast Economic Development Fund Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within MO. Charities of a similar size with the same main cause include Techgrowth Ohio Fund ($194k), Pennsylvania Route 6 Alliance ($194k) and Junior League of St Louis Inc ($194k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 4.5% of the total. Other salaries and wages came to $79k. At year end it held assets of $737k against liabilities of $34k, net assets of $703k.