Southwest Intermediary Finance Team Inc

Analysis

Southwest Intermediary Finance Team Inc is a registered charity in United States, based in Weatherford, OK. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Southwest Intermediary Finance Team Inc reported income of $9.6m and spending of $651k, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $567k to $9.6m (+1584%), an average of +103% a year. The sharpest change came in the year to December 2021, when income rose by 527%. Over the whole period it spent 9.3% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Southwest Intermediary Finance Team Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OK. Charities of a similar size with the same main cause include Capital Region Community Foundation ($9.5m), Team Impact ($9.6m) and Amoud Foundation ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.0% of the total. At year end it held assets of $18.9m against liabilities of $4.6m, net assets of $14.3m.