Southeast Community Development

Analysis

Southeast Community Development is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 1975, 51 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Southeast Community Development reported income of $3.5m and spending of $2.9m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $3.5m (+61%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Southeast Community Development sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Ipd Breakthrough Fund ($3.5m), The Hawn Foundation ($3.5m) and Pencil Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $84k (2.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.6m against liabilities of $1.5m, net assets of $3.1m. It reported 30 employees.