South Hill Community Development Association Inc

Analysis

South Hill Community Development Association Inc is a registered charity in United States, based in South Hill, VA. It received its IRS tax-exemption ruling in April 1988, 38 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 suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, South Hill Community Development Association Inc reported income of $84k and spending of $102k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $602k to $84k (-86%), an average of -39% a year. The sharpest change came in the year to June 2022, when income dropped by 86%. Over the whole period it spent 286% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Hill Community Development Association Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within VA. Charities of a similar size with the same main cause include Rotary Club of Downtown Wilmington Foundation ($84k), Illinois Community Health Workers Association ($84k) and Historic Lebanon Tomorrow Inc ($84k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 2.4% of the total. At year end it held assets of $2.3m against liabilities of $2,496, net assets of $2.3m.

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.