Southern Regional Corporation

Analysis

Southern Regional Corporation is a registered charity in United States, based in Picayune, MS. It received its IRS tax-exemption ruling in December 1954, 72 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southern Regional Corporation reported income of $428k and spending of $371k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $415k to $428k (+3.2%), an average of +0.8% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Regional Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MS. Charities of a similar size with the same main cause include Leadership West Virginia Inc ($428k), Habitat for Humanity International Inc ($428k) and Walnut Hills Early Education Arapahoe East ($428k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 90% of the total. Other salaries and wages came to $167k. At year end it held assets of $1.6m against liabilities of $3,192, net assets of $1.6m. It reported 33 employees.