Philanthropy Southeast Inc

Analysis

Philanthropy Southeast Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in October 1997, 29 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 December 2023, Philanthropy Southeast Inc reported income of $3.6m and spending of $3.9m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.6m to $3.6m (-1.1%), an average of -0.3% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Philanthropy Southeast Inc 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 92nd percentile within GA. Charities of a similar size with the same main cause include Smith Entertainment Group Foundation ($3.6m), Margaret E Haas Fund ($3.6m) and Water First International ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 43% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $3.0m against liabilities of $620k, net assets of $2.4m. It reported 10 employees.