Southeast Community Development Corporation

Analysis

Southeast Community Development Corporation is a registered charity in United States, based in Bell Gardens, CA. It received its IRS tax-exemption ruling in November 2019, 7 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 Community Development Corporation reported income of $466k and spending of $513k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $322k to $466k (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2020, when income rose by 305%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southeast Community Development Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Denver Police Orphans Fund Inc ($466k), Learning Ladders Incorporated ($466k) and Partners in Hope - Texas ($466k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $275k. At year end it held assets of $76k against liabilities of $161k, net assets of -$85k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.