Swaniti Initiative

Analysis

Swaniti Initiative is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2023, Swaniti Initiative reported income of $4.6m and spending of $1.8m, leaving 60% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $319k to $4.6m (+1349%), an average of +144% a year. The sharpest change came in the year to June 2022, when income rose by 314%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Swaniti Initiative sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Palmas Academy Inc ($4.6m), Valorus ($4.6m) and American Medical Society for Sports Medicine Inc ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $199k (11% of expenses). Other salaries and wages came to $124k. At year end it held assets of $4.6m against liabilities of $135k, net assets of $4.4m. It reported 2 employees.