Southeast Asian Development Center

Analysis

Southeast Asian Development Center is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 1979, 47 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 June 2023, Southeast Asian Development Center reported income of $2.7m and spending of $2.6m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.7m (+126%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 89% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Southeast Asian Development Center sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Oshkosh Kids Foundation Inc ($2.7m), Team Prime Time Inc ($2.7m) and Child Evangelism Fellowship Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $87k (3.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.1m against liabilities of $536k, net assets of $1.6m. It reported 39 employees.