Swedemom Center of Giving

Analysis

Swedemom Center of Giving is a registered charity in United States, based in McMinnville, OR. It received its IRS tax-exemption ruling in September 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Swedemom Center of Giving reported income of $736k and spending of $889k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $201k to $736k (+266%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 162% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Swedemom Center of Giving sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within OR. Charities of a similar size with the same main cause include The Wesley Foundation Inc ($736k), Montclair Fund for Educational Excellence Inc ($736k) and Saint John of the Cross Teacher Recognition Trust ($736k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. Other salaries and wages came to $604k. At year end it held assets of $37 against liabilities of $1.2m, net assets of -$1.2m. It reported 43 employees.

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.