Southern Vision Alliance

Analysis

Southern Vision Alliance is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Southern Vision Alliance reported income of $11.3m and spending of $6.6m, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $11.3m (+401%), an average of +50% a year. The sharpest change came in the year to December 2020, when income rose by 100%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Vision Alliance sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include International School of Belgrade ($11.3m), Monte Vista Grove Homes ($11.3m) and Two State Young Mens Christian Association ($11.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $139k (2.1% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $12.4m against liabilities of $947k, net assets of $11.5m. It reported 83 employees.