Southwest Charter Foundation Inc

Analysis

Southwest Charter Foundation Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Southwest Charter Foundation Inc reported income of $85.5m and spending of $80.1m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $58.7m to $85.5m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southwest Charter Foundation Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Principia Corporation ($85.5m), Knox College ($85.7m) and Augusta University Research Institute Inc ($85.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Other salaries and wages came to $31.4m. At year end it held assets of $141.3m against liabilities of $146.6m, net assets of -$5.3m.