Southern Managemant Associate

Analysis

Southern Managemant Associate is a registered charity in United States, based in Lakewood RCH, FL. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southern Managemant Associate reported income of $1.0m and spending of $575k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $818k to $1.0m (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southern Managemant Associate sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Hamza Academy ($1.0m), No Limits Academy Inc ($1.0m) and Buffs 4 Life ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 82% of the total. At year end it held assets of $4.5m against liabilities of $0, net assets of $4.5m.