The South City Foundation Inc

Analysis

The South City Foundation Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in April 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 December 2023, The South City Foundation Inc reported income of $279k and spending of $415k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $257k to $279k (+8.5%), an average of +2.1% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The South City Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Lens Foundation ($279k), Bird Rock Community Development Corporation ($279k) and Polk Ecumenical Action Council for Empowerment Inc ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $29k (7.1% of expenses). Other salaries and wages came to $83k. At year end it held assets of $500k against liabilities of $577k, net assets of -$77k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.