South Segment Community Development Corporation

Analysis

South Segment Community Development Corporation is a registered charity in United States, based in Halliday, ND. It received its IRS tax-exemption ruling in March 2015, 11 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, South Segment Community Development Corporation reported income of $4.6m and spending of $3.8m, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.3m to $4.6m (+104%), an average of +19% a year. The sharpest change came in the year to September 2022, when income rose by 52%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Segment Community Development Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within ND. Charities of a similar size with the same main cause include Societys Assets Incorporated ($4.6m), Harlem Commonwealth Council Inc ($4.6m) and Metafund Corporation ($4.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 9.7% and program service revenue 85% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $20.0m against liabilities of $4.8m, net assets of $15.1m. It reported 60 employees.