Economic Security Corporation of Southwest Area

Analysis

Economic Security Corporation of Southwest Area is a registered charity in United States, based in Joplin, MO. It received its IRS tax-exemption ruling in May 1966, 60 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 September 2023, Economic Security Corporation of Southwest Area reported income of $22.1m and spending of $22.0m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $19.1m to $22.1m (+16%), an average of +3.7% a year. The sharpest change came in the year to September 2023, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Economic Security Corporation of Southwest Area sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MO. Charities of a similar size with the same main cause include Community Council of South Central ($22.1m), Louisiana Clinical Services Inc ($22.1m) and Episcopal-Catholic Apartments Inc ($22.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $188k (0.9% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $8.4m against liabilities of $1.7m, net assets of $6.6m. It reported 452 employees.