Southland Economic Development Corporation

Analysis

Southland Economic Development Corporation is a registered charity in United States, based in Santa Ana, CA. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Southland Economic Development Corporation reported income of $3.7m and spending of $3.3m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.2m to $3.7m (+18%), an average of +4.2% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southland Economic Development Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Northeastern Illinois University Foundation ($3.7m), Cris Healthy Aging ($3.7m) and Venice Christian School Private School ($3.7m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.1m (35% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $7.9m against liabilities of $869k, net assets of $7.0m. It reported 18 employees.