The Swifty Foundation

Analysis

The Swifty Foundation is a registered charity in United States, based in Woodridge, IL. It received its IRS tax-exemption ruling in March 2017, 9 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, The Swifty Foundation reported income of $774k and spending of $1.2m, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $774k (-47%), an average of -15% a year. The sharpest change came in the year to December 2021, when income dropped by 67%. Over the whole period it spent 116% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Swifty Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IL. Charities of a similar size with the same main cause include Land Conservation Assistance Network ($773k), The Woodlands High School Band Booster Club ($774k) and Friends of Yeshiva Tehilas Shlomo Inc ($773k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $120k (10% of expenses). Other salaries and wages came to $83k. At year end it held assets of $772k against liabilities of $596k, net assets of $176k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.