Southwest Renewal Foundation of High Point

Analysis

Southwest Renewal Foundation of High Point is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Southwest Renewal Foundation of High Point reported income of $399k and spending of $318k, leaving 20% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $539k to $399k (-26%), an average of -9.6% a year. The sharpest change came in the year to June 2022, when income rose by 86%. Over the whole period it spent 49% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southwest Renewal Foundation of High Point sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Blue Grass Trust for Historic Preservation Inc ($399k), Dancing Dreams ($399k) and Barrio Alegria ($398k).

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 $64k (20% of expenses). At year end it held assets of $958k against liabilities of $11k, net assets of $947k. It reported 1 employees.