Soutwest Asylum and Migration Institute
Analysis
Soutwest Asylum and Migration Institute is a registered charity in United States, based in Las Cruces, NM. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Soutwest Asylum and Migration Institute reported income of $59k and spending of $63k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $73k to $59k (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 100% of the income it received.
Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soutwest Asylum and Migration Institute sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within NM. Charities of a similar size with the same main cause include Transformation Ministries Inc ($59k), Growing Healthy People NFP ($59k) and Iron County Food Pantry ($59k).
On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $36k (58% of expenses). At year end it held assets of $14k against liabilities of $0, net assets of $14k.
Income and spending
Where the income comes from
- Contributions & grants 7.6%
- Program services 92%
- Other 0.0%
Similar-sized charities, same cause
| Charity | Location | Income |
|---|---|---|
| Transformation Ministries Inc | Reidsville | $59k |
| Growing Healthy People NFP | Wauconda | $59k |
| Iron County Food Pantry | Montreal | $59k |
| Cannasense Foundation | Hightstown | $59k |