First Southwest Community Fund

Analysis

First Southwest Community Fund is a registered charity in United States, based in Alamosa, CO. It received its IRS tax-exemption ruling in June 2015, 11 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, First Southwest Community Fund reported income of $3.2m and spending of $1.5m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $3.2m (+1485%), an average of +100% a year. The sharpest change came in the year to December 2020, when income rose by 1999%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First Southwest Community Fund sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Tender Loving Care Center for Children ($3.2m), Eastern Oklahoma Youth Services Inc ($3.2m) and Camphill Foundation ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $103k (6.7% of expenses). Other salaries and wages came to $136k. At year end it held assets of $22.1m against liabilities of $19.2m, net assets of $2.9m. It reported 4 employees.