Southwire Cares Inc

Analysis

Southwire Cares Inc is a registered charity in United States, based in Carrollton, GA. It received its IRS tax-exemption ruling in September 2005, 21 years ago. 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, Southwire Cares Inc reported income of $2.1m and spending of $1.4m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.1m (+70%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southwire Cares Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include Lawyers Concerned for Lawyers Inc ($2.1m), Blinn College Foundation Inc ($2.1m) and Peconic Landing at Southold Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.1m against liabilities of $12k, net assets of $2.1m.