Southeastern Conference

Analysis

Southeastern Conference is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in September 1959, 67 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 August 2023, Southeastern Conference reported income of $852.6m and spending of $823.1m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $720.6m to $852.6m (+18%), an average of +4.3% a year. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southeastern Conference sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within AL. Charities of a similar size with the same main cause include Atlantic Coast Conference ($706.6m), National Collegiate Athletic Association ($1.26bn) and Pac-12 Conference ($603.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $3.9m (0.5% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $541.2m against liabilities of $350.0m, net assets of $191.2m. It reported 53 employees.