Southeastern Employment and Training Association

Analysis

Southeastern Employment and Training Association is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Southeastern Employment and Training Association reported income of $783k and spending of $663k, spending 85% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $600k to $783k (+30%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 753%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southeastern Employment and Training Association sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within GA. Charities of a similar size with the same main cause include Muhlenberg Economic Growth Alliance ($783k), America for Veterans Foundation ($783k) and Business Industry Foundation of Middlesex County Inc ($782k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.0% and program service revenue 94% of the total. At year end it held assets of $882k against liabilities of $34k, net assets of $847k.