Southfair Community Development Corporation

Analysis

Southfair Community Development Corporation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Southfair Community Development Corporation reported income of $480k and spending of $518k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $611k to $480k (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southfair Community Development Corporation 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 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Rueben L Speaks Housing Inc ($479k), Geel East 182nd Street Corporation ($480k) and Operation Grace ($479k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Other salaries and wages came to $191k. At year end it held assets of $1.6m against liabilities of $1.3m, net assets of $320k. It reported 6 employees.