Southbrook Properties

Analysis

Southbrook Properties is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Southbrook Properties reported income of $540k and spending of $540k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $106k to $540k (+410%), an average of +50% a year. The sharpest change came in the year to December 2021, when income rose by 213%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southbrook Properties sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Brooklyn Heights Association Inc ($540k), Mount Hope Community Center Inc ($540k) and Crawford County Development Assoc ($539k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $30k. At year end it held assets of $0 against liabilities of $0, net assets of $0.