Southeast Ark Economic Development Dist Inc

Analysis

Southeast Ark Economic Development Dist Inc is a registered charity in United States, based in Pine Bluff, AR. It received its IRS tax-exemption ruling in January 1978, 48 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Southeast Ark Economic Development Dist Inc reported income of $6.4m and spending of $5.7m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $6.4m (+162%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 174%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southeast Ark Economic Development Dist Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within AR. Charities of a similar size with the same main cause include Taylor Economic Development ($6.4m), Santa Cruz County Veterans Memorial Building Board of Trustee ($6.4m) and North of Market Tenderloin Community Benefit Corporation ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $122k (2.2% of expenses). Other salaries and wages came to $391k. At year end it held assets of $8.1m against liabilities of $1.3m, net assets of $6.8m. It reported 120 employees.