Southeast Welding Center Inc

Analysis

Southeast Welding Center Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southeast Welding Center Inc reported income of $629k and spending of $675k, spending 107% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $386k to $629k (+63%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southeast Welding Center Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 47th percentile within DC. Charities of a similar size with the same main cause include Project Access-Collin County ($629k), Sulphur Christian Community Coalition ($630k) and Mercado on 5th Inc ($628k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.

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.