Southeast Asian Community Center

Analysis

Southeast Asian Community Center is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in December 1979, 47 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 December 2023, Southeast Asian Community Center reported income of $1.1m and spending of $937k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $940k to $1.1m (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southeast Asian Community Center sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Hannibal Area Council of Aging ($1.1m), Autism Family Services of New Jersey Inc ($1.1m) and Nevada Homeless Alliance ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $91k (9.7% of expenses). Other salaries and wages came to $464k. At year end it held assets of $4.2m against liabilities of $1.8m, net assets of $2.4m. It reported 13 employees.