Southwest Collective

Analysis

Southwest Collective is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2020, 6 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 December 2023, Southwest Collective reported income of $580k and spending of $376k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $246k to $580k (+136%), an average of +136% a year. The sharpest change came in the year to December 2023, when income rose by 136%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southwest Collective sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Coalition of Community Development Financial Institutions Inc ($580k), Yee Haolnii Doo ($580k) and Blake Annex Inc ($580k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $178k (47% of expenses). At year end it held assets of $255k against liabilities of $7,419, net assets of $248k.