The Southern Development Council Inc

Analysis

The Southern Development Council Inc is a registered charity in United States, based in Mountain BRK, AL. It received its IRS tax-exemption ruling in December 1984, 42 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 September 2023, The Southern Development Council Inc reported income of $1.4m and spending of $1.3m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.4m (+12%), an average of +3.0% a year. The sharpest change came in the year to September 2023, when income rose by 25%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Southern Development Council Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within AL. Charities of a similar size with the same main cause include Ronald McDonald House Charities of Tulsa Inc ($1.4m), Bigs & Littles NYC Mentoring Inc ($1.4m) and Filipino Community Center Inc ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $179k (14% of expenses). Other salaries and wages came to $483k. At year end it held assets of $5.1m against liabilities of $433k, net assets of $4.7m. It reported 12 employees.