Small Business Assistance Corp

Analysis

Small Business Assistance Corp is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in June 2012, 14 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 September 2023, Small Business Assistance Corp reported income of $3.6m and spending of $3.1m, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.1m to $3.6m (+74%), an average of +15% a year. The sharpest change came in the year to September 2021, when income rose by 193%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Small Business Assistance Corp sits at the 90th percentile: it is larger than about 90% 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 Women Corporate Directors Education and Development Foundation Inc ($3.6m), Regional Properties Inc ($3.6m) and Warren-Conner Development Coalition Inc ($3.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 34% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $108k (3.5% of expenses). Other salaries and wages came to $988k. At year end it held assets of $21.5m against liabilities of $9.4m, net assets of $12.2m. It reported 22 employees.