Southeastern Developmental Service Inc

Analysis

Southeastern Developmental Service Inc is a registered charity in United States, based in Lamar, CO. It received its IRS tax-exemption ruling in January 1970, 56 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 June 2023, Southeastern Developmental Service Inc reported income of $3.3m and spending of $3.2m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $3.4m to $3.3m (-2.7%), an average of -0.9% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southeastern Developmental Service Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Hope for Prisoners Om Inc ($3.3m), Family Supportive Housing Inc ($3.3m) and Black Stone Valley Advocacy Center ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $59k (1.8% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $1.5m against liabilities of $218k, net assets of $1.3m. It reported 102 employees.