Southeastern Association of Community Action Agencies Inc

Analysis

Southeastern Association of Community Action Agencies Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in July 1985, 41 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 December 2023, Southeastern Association of Community Action Agencies Inc reported income of $233k and spending of $345k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $247k to $233k (-5.7%), an average of -1.5% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southeastern Association of Community Action Agencies Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within AL. Charities of a similar size with the same main cause include Expanding Black Business NFP ($233k), Music City Construction Careers Inc ($233k) and Sector67 Inc ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 73% of the total. At year end it held assets of $169k against liabilities of $47k, net assets of $123k.