Southside Businessmens Club Charities Inc

Analysis

Southside Businessmens Club Charities Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in December 1980, 46 years ago. 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, Southside Businessmens Club Charities Inc reported income of $120k and spending of $39k, leaving 67% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $28k to $120k (+325%), an average of +106% a year. The sharpest change came in the year to December 2023, when income rose by 218%. Over the whole period it spent 165% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southside Businessmens Club Charities Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include St Johns Military School Historical Museum Inc ($120k), Wise County Historical Society Inc ($120k) and Grant Center for the Expressive Arts PTA 10 9 95 ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.7% of the total. At year end it held assets of $375k against liabilities of $6,353, net assets of $369k.