Southwest Family Ministries

Analysis

Southwest Family Ministries is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in November 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 2022, Southwest Family Ministries reported income of $706k and spending of $427k, leaving 40% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $265k to $706k (+166%), an average of +63% a year. The sharpest change came in the year to December 2022, when income rose by 143%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southwest Family Ministries sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within KY. Charities of a similar size with the same main cause include Family Trust Foundation of Kentucky Inc ($706k), Hospice Del Valle Inc ($706k) and Community Assimilation Through Responsive Education Inc ($706k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 62% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $42k (10.0% of expenses). At year end it held assets of $703k against liabilities of $687, net assets of $702k. It reported 1 employees.