Southern Conference

Analysis

Southern Conference is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in September 1949, 77 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending June 2023, Southern Conference reported income of $4.6m and spending of $4.5m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.9m to $4.6m (+17%), an average of +5.5% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Conference 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 92nd percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include Harvey Cedars Bible Conference Inc Harvey Cedars N J ($4.6m), New York Landmarks Conservancy Inc ($4.6m) and Citizens Committee for Children of New York ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.9% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $584k (13% of expenses). Other salaries and wages came to $510k. At year end it held assets of $7.1m against liabilities of $427k, net assets of $6.7m. It reported 18 employees.