Southeast Community Capital Corporation

Analysis

Southeast Community Capital Corporation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southeast Community Capital Corporation reported income of $45.2m and spending of $30.9m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.0m to $45.2m (+223%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southeast Community Capital Corporation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include American Society for Training and Development ($44.7m), Youth Co-Op Inc ($45.2m) and Goodwill Industries of Greater Grand Rapids Inc ($44.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $2.9m (9.5% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $336.2m against liabilities of $274.6m, net assets of $61.6m. It reported 63 employees.