Southeastern Academy Inc

Analysis

Southeastern Academy Inc is a registered charity in United States, based in Lumberton, NC. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Southeastern Academy Inc reported income of $2.2m and spending of $2.1m, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.8m to $2.2m (+23%), an average of +4.2% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southeastern Academy Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Village View Christian Academy Inc ($2.2m), New Horizon School for the Perfoming Arts ($2.2m) and Chedvas Bais Yaakov Inc ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $2.1m against liabilities of $1.8m, net assets of $324k. It reported 35 employees.