Southeastern Residency Conference Inc

Analysis

Southeastern Residency Conference Inc is a registered charity in United States, based in Wallace, NC. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Southeastern Residency Conference Inc reported income of $111k and spending of $118k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $111k (+165%), an average of +165% a year. The sharpest change came in the year to December 2023, when income rose by 165%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southeastern Residency Conference Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Center for Musical Excellence Inc ($111k), Education Center Shalom Inc ($111k) and Chelsea Area Players ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.