The Southern Economic Association

Analysis

The Southern Economic Association is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Southern Economic Association reported income of $595k and spending of $606k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $538k to $595k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Southern Economic Association sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Pollyanna ($595k), Greenville Learning Center Inc ($595k) and South Carolina First Steps to School Readiness Board of Trustees ($595k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 82% of the total. Other salaries and wages came to $63k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.