Southeast Industrial Development Association Inc

Analysis

Southeast Industrial Development Association Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in March 1993, 33 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, Southeast Industrial Development Association Inc reported income of $527k and spending of $386k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $461k to $527k (+14%), an average of +3.4% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southeast Industrial Development Association Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Windsor Locks Public Library Inc ($527k), Bishops Attic Volunteers ($527k) and New York Memory Center Inc ($527k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $5,000 (1.3% of expenses). At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.