University of the Southwest Foundation

Analysis

University of the Southwest Foundation is a registered charity in United States, based in Hobbs, NM. It received its IRS tax-exemption ruling in January 1975, 51 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, University of the Southwest Foundation reported income of $3.1m and spending of $523k, leaving 83% of income unspent that year. Across the 6 years on record, from May 2019 to May 2024, income grew from $564k to $3.1m (+444%), an average of +40% a year. The sharpest change came in the year to May 2022, when income rose by 78%. Over the whole period it spent 22% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of the Southwest Foundation sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NM. Charities of a similar size with the same main cause include Pocono Family YMCA ($3.1m), Child and Family Developmental Center Inc ($3.1m) and Young Womens Christian Association of Houston ($3.1m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 47% of the total. At year end it held assets of $20.4m against liabilities of $0, net assets of $20.4m.