Southwest Partnership Inc

Analysis

Southwest Partnership Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Partnership Inc reported income of $2.0m and spending of $2.9m, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.0m (+5.5%), an average of +1.3% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southwest Partnership Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Employment and Training Inc ($2.0m), Brooklyn Communities Collaborative Inc ($2.0m) and Neighborhood Farmers Market Alliance ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $80k (2.7% of expenses). At year end it held assets of $4.5m against liabilities of $2.0m, net assets of $2.5m. It reported 10 employees.