Southeasterrn Baptist College Inc

Analysis

Southeasterrn Baptist College Inc is a registered charity in United States, based in Laurel, MS. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Southeasterrn Baptist College Inc reported income of $2.3m and spending of $2.1m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $2.3m (+98%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 81%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southeasterrn Baptist College Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within MS. Charities of a similar size with the same main cause include Ambassador Christian Academy a NJ Nonprofit Corporation ($2.3m), Center for Early Intervention on Deafness ($2.3m) and Plumbers & Steamfitters Local 434 Training Fund ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $64k (3.0% of expenses). Other salaries and wages came to $627k. At year end it held assets of $1.7m against liabilities of $618k, net assets of $1.1m. It reported 70 employees.