Southwest Opportunities Center Inc

Analysis

Southwest Opportunities Center Inc is a registered charity in United States, based in Lancaster, WI. It received its IRS tax-exemption ruling in December 1989, 37 years ago. 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 Opportunities Center Inc reported income of $1.7m and spending of $1.9m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.7m (+6.2%), an average of +1.5% a year. The sharpest change came in the year to December 2020, when income rose by 15%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southwest Opportunities Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within WI. Charities of a similar size with the same main cause include Columbia Catholic Housing for the Elderly Inc ($1.7m), Scripture Memory Mountain Mission Inc ($1.7m) and Wood County Hospital Foundation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $83k (4.5% of expenses). Other salaries and wages came to $989k. At year end it held assets of $969k against liabilities of $115k, net assets of $854k. It reported 92 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.