Southeastern Foundation

Analysis

Southeastern Foundation is a registered charity in United States, based in Durant, OK. It received its IRS tax-exemption ruling in January 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Southeastern Foundation reported income of $4.4m and spending of $3.4m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $5.0m to $4.4m (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2022, when income dropped by 37%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southeastern Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within OK. Charities of a similar size with the same main cause include Baseball Assistance Team Inc ($4.4m), Autism Model Community School ($4.4m) and Montessori Community School Inc ($4.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 30% and program service revenue 37% of the total. At year end it held assets of $42.2m against liabilities of $7.6m, net assets of $34.6m.