Southern Sector Rising

Analysis

Southern Sector Rising is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in July 2021, 5 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, Southern Sector Rising reported income of $1.8m and spending of $1.2m, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $283k to $1.8m (+534%), an average of +534% a year. The sharpest change came in the year to December 2023, when income rose by 534%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southern Sector Rising sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Have Dreams ($1.8m), My City Rides ($1.8m) and Advertising Women of New York Foundation Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 80% of the total. Compensation of current officers, directors and key employees was $54k (4.7% of expenses). At year end it held assets of $1.0m against liabilities of -$3,845, net assets of $1.0m. It reported 1 employees.