Southern Lit Alliance

Analysis

Southern Lit Alliance is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in July 1954, 72 years ago. 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 June 2023, Southern Lit Alliance reported income of $114k and spending of $147k, spending 129% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $136k to $114k (-16%), an average of -5.7% a year. The sharpest change came in the year to June 2022, when income rose by 37%. 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 Lit Alliance sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within TN. Charities of a similar size with the same main cause include Environment Hawaii Inc ($114k), NSCC Parent Advisory Council of Parent Cooperative Preschools ($114k) and The Friends of Boyd Hill Nature Preserve Inc ($114k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $34k (23% of expenses). At year end it held assets of $193k against liabilities of $13k, net assets of $180k. It reported 1 employees.