Southern Association of Student Financial Aid Administrators Inc

Analysis

Southern Association of Student Financial Aid Administrators Inc is a registered charity in United States, based in N Myrtle BCH, SC. It received its IRS tax-exemption ruling in January 1986, 40 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Southern Association of Student Financial Aid Administrators Inc reported income of $502k and spending of $421k, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $291k to $502k (+73%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southern Association of Student Financial Aid Administrators Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within SC. Charities of a similar size with the same main cause include Worksmith Institute ($502k), Historic Valley Junction Foundation ($502k) and Build Our Lives Together Inc ($502k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.2% and program service revenue 95% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.