Southwest Community Center Inc

Analysis

Southwest Community Center Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 February 2024, Southwest Community Center Inc reported income of $71k and spending of $72k, spending 100% of its income. Across the 3 years on record, from February 2020 to February 2024, income fell from $107k to $71k (-33%), an average of -18% a year. The sharpest change came in the year to February 2023, when income dropped by 25%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southwest Community Center Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within PA. Charities of a similar size with the same main cause include Future City Inc ($71k), Rotary Club of Reno Central Charitable Foundation ($71k) and Roseville Area School District No 623 Foundation ($71k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $193k against liabilities of $0, net assets of $193k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.