Southside School Foundation Inc

Analysis

Southside School Foundation Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2022, Southside School Foundation Inc reported income of $126k and spending of $86k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $53k to $126k (+136%), an average of +136% a year. The sharpest change came in the year to December 2022, when income rose by 136%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southside School Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within FL. Charities of a similar size with the same main cause include Tuloso-Midway Isd Education Foundation Inc ($126k), Carroll Moran Memorial Scholarship Fund ($126k) and Chappaqua Summer Scholarship Program ($126k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 0.3% of the total. At year end it held assets of $162k against liabilities of $0, net assets of $162k.