Southern Bancorp Capital Partners

Analysis

Southern Bancorp Capital Partners is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in August 1988, 38 years ago. 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 December 2023, Southern Bancorp Capital Partners reported income of $7.1m and spending of $3.6m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $7.1m (+142%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 167%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Bancorp Capital Partners sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within AR. Charities of a similar size with the same main cause include Etowah-Dekalb-Cherokee Mental Health Board Incorporated ($7.1m), Central City Hospitality House ($7.1m) and City of Pikeville Exposition Center Corporation ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 18% of the total. Other salaries and wages came to $825k. At year end it held assets of $43.9m against liabilities of $12.2m, net assets of $31.8m. It reported 13 employees.