Southeast Community Foundation

Analysis

Southeast Community Foundation is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Southeast Community Foundation reported income of $506k and spending of $337k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $231k to $506k (+119%), an average of +119% a year. The sharpest change came in the year to December 2023, when income rose by 119%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southeast Community Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Peak Potential ($506k), Bentley Village Foundation Inc ($507k) and Middleton-Cross Plains Area School District Foundation Inc ($506k).

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 $92k (27% of expenses). Other salaries and wages came to $17k. At year end it held assets of $225k against liabilities of $6,153, net assets of $218k. It reported 3 employees.