Southeast Regional Cooperative Inc

Analysis

Southeast Regional Cooperative Inc is a registered charity in United States, based in East Point, GA. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southeast Regional Cooperative Inc reported income of $15.5m and spending of $15.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $618k to $15.5m (+2410%), an average of +124% a year. The sharpest change came in the year to December 2021, when income rose by 302%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southeast Regional Cooperative Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Central Fairfax Services Inc ($15.5m), Advocap Inc ($15.5m) and Wesley Community Services Organization ($15.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.1% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $141k (0.9% of expenses). Other salaries and wages came to $418k. At year end it held assets of $2.1m against liabilities of $841k, net assets of $1.2m. It reported 9 employees.