Advantages of Southeast Arkansas Inc

Analysis

Advantages of Southeast Arkansas Inc is a registered charity in United States, based in Monticello, AR. It received its IRS tax-exemption ruling in April 1972, 54 years ago. 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 2024, Advantages of Southeast Arkansas Inc reported income of $11.1m and spending of $9.4m, spending 84% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $9.8m to $11.1m (+13%), an average of +2.5% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Advantages of Southeast Arkansas Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within AR. Charities of a similar size with the same main cause include Bethany Lutheran Health Services ($11.1m), Evangelical Retirement Homes Inc ($11.1m) and A Better Way Services Inc ($11.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.4% and program service revenue 90% of the total. Other salaries and wages came to $6.9m. At year end it held assets of $23.0m against liabilities of $2.1m, net assets of $20.9m. It reported 312 employees.