Southeast Asian Healing Center Incorporated

Analysis

Southeast Asian Healing Center Incorporated is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Southeast Asian Healing Center Incorporated reported income of $282k and spending of $282k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $135k to $282k (+108%), an average of +44% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southeast Asian Healing Center Incorporated sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within WI. Charities of a similar size with the same main cause include Feeding Our Kids ($282k), Friends of the Carpenter ($282k) and Laborlab ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $39k (14% of expenses). Other salaries and wages came to $132k. At year end it held assets of $97k against liabilities of $93k, net assets of $3,469. It reported 10 employees.