Southwest Solutions Inc

Analysis

Southwest Solutions Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 1986, 40 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Southwest Solutions Inc reported income of $7.0m and spending of $6.8m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.8m to $7.0m (+20%), an average of +4.7% a year. The sharpest change came in the year to September 2021, when income rose by 70%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southwest Solutions Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Homeless Solutions Inc ($7.0m), Crossroads Fund ($7.0m) and Hillcrest Home Inc ($7.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $749k (11% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $2.2m against liabilities of $1.4m, net assets of $830k. It reported 41 employees.