Southside Outreach Group Inc

Analysis

Southside Outreach Group Inc is a registered charity in United States, based in South Boston, VA. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Southside Outreach Group Inc reported income of $1.6m and spending of $971k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.6m (+5.3%), an average of +1.3% a year. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southside Outreach Group Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include John W Graham Emergency Shelter Services Inc ($1.6m), Wny Mennonite Retirement Community Inc ($1.6m) and Housing Operations Management Enterprises Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Other salaries and wages came to $288k. At year end it held assets of $3.8m against liabilities of $120k, net assets of $3.7m. It reported 8 employees.