Southeast Effective Development

Analysis

Southeast Effective Development is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 2001, 25 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, Southeast Effective Development reported income of $15.8m and spending of $15.8m, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $4.6m to $15.8m (+247%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 111% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southeast Effective Development sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within WA. Charities of a similar size with the same main cause include Lifestyles for the Disabled Inc ($15.7m), Career Resources Inc ($15.8m) and Chicago Community Loan Fund ($15.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $285k (1.8% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $68.4m against liabilities of $72.7m, net assets of -$4.3m. It reported 16 employees.