Satx Inner City Development Inc

Analysis

Satx Inner City Development Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in September 1971, 55 years ago. 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 2023, Satx Inner City Development Inc reported income of $249k and spending of $189k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $240k to $249k (+3.6%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Satx Inner City Development Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include United Molokan Christian Association of Central California ($249k), Suffolk Meals on Wheels Inc ($249k) and BHW Residential Services III Inc ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $2,016. At year end it held assets of $996k against liabilities of $351, net assets of $996k. It reported 1 employees.