Southern Neighborhoods Network Inc

Analysis

Southern Neighborhoods Network Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in August 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, Southern Neighborhoods Network Inc reported income of $180k and spending of $202k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $258k to $180k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2022, when income dropped by 42%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Neighborhoods Network Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within GA. Charities of a similar size with the same main cause include Scottsdale Rotary Foundation ($180k), Bloss Area Swimming Association ($180k) and Federation of Texas A&m University Mothers Club ($180k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 12% of the total. At year end it held assets of $119k against liabilities of $0, net assets of $119k.