Southeastern Credit Union Foundation Inc

Analysis

Southeastern Credit Union Foundation Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in March 1984, 42 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, Southeastern Credit Union Foundation Inc reported income of $584k and spending of $1.2m, spending 212% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $692k to $584k (-16%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southeastern Credit Union Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Ke Kula O Piilani ($584k), Pittsburgh Leadership Foundation ($584k) and Canaan Baptist Housing Corporation ($584k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 118% of the total. At year end it held assets of $4.5m against liabilities of $131k, net assets of $4.4m.