Swift Charities

Analysis

Swift Charities is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Swift Charities reported income of $872k and spending of $665k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $872k (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Swift Charities sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 75th percentile within AZ. Charities of a similar size with the same main cause include St Jude Riders Association NFP ($872k), United Way of North Central Iowa ($873k) and Milstein Medical Asian-American Partnership Foundation Inc ($871k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.