Fund for Southern Communities Inc

Analysis

Fund for Southern Communities Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in September 1981, 45 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 June 2023, Fund for Southern Communities Inc reported income of $1.3m and spending of $1.3m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $534k to $1.3m (+138%), an average of +34% a year. The sharpest change came in the year to June 2021, when income rose by 274%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fund for Southern Communities 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 82nd percentile, and in the 85th percentile within GA. Charities of a similar size with the same main cause include Madam CJ Walker Institute for Women Entrepreneurs of Color ($1.3m), Ballenisles Charties Foundation Inc ($1.3m) and Missouri Lawyer Trust Account Foundation ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $129k (10% of expenses). Other salaries and wages came to $3,967. At year end it held assets of $4.4m against liabilities of $153k, net assets of $4.2m. It reported 2 employees.