Southwest Healthcare Corporation

Analysis

Southwest Healthcare Corporation is a registered charity in United States, based in Bowman, ND. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Southwest Healthcare Corporation reported income of $17.3m and spending of $17.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.2m to $17.3m (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southwest Healthcare Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within ND. Charities of a similar size with the same main cause include Schaffer Extended Care Center ($17.3m), Klamath Health Partners Inc ($17.3m) and Metro Crisis Services Inc ($17.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $566k (3.3% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $32.7m against liabilities of $26.1m, net assets of $6.6m. It reported 171 employees.