Setda

Analysis

Setda is a registered charity in United States, based in Glen Burnie, MD. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Setda reported income of $1.4m and spending of $1.7m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.4m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 150%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Setda sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Universal Education Companies Inc ($1.4m), Children and Family Enrichment at Idlewild ($1.4m) and Laramie Montessori School ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $650k (38% of expenses). Other salaries and wages came to $63k. At year end it held assets of $642k against liabilities of $381k, net assets of $261k. It reported 6 employees.