S G Atkins Community Development Corporation

Analysis

S G Atkins Community Development Corporation is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in November 1998, 28 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 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 June 2023, S G Atkins Community Development Corporation reported income of $812k and spending of $1.1m, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $510k to $812k (+59%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, S G Atkins Community Development Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Assistance League of Santa Clarita ($812k), MCS Economic Development Corporation ($812k) and Foundation for Little Colorado Revitalization ($810k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 46% of the total. Other salaries and wages came to $333k. At year end it held assets of $4.8m against liabilities of $1.8m, net assets of $3.1m. It reported 15 employees.