Southwestern Healthcare Inc

Analysis

Southwestern Healthcare Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in July 2008, 18 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 June 2023, Southwestern Healthcare Inc reported income of $6.7m and spending of $6.1m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.9m to $6.7m (+13%), an average of +4.0% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southwestern Healthcare Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Make-A-Wish Foundation of Utah Inc ($6.7m), Hui No Ke Ola Pono Inc ($6.7m) and Citizens for Responsibility and Ethics in Washington Inc ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $420k (6.9% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $15.0m against liabilities of $901k, net assets of $14.1m. It reported 73 employees.