Philanthropy Southwest

Analysis

Philanthropy Southwest is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 1976, 50 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Philanthropy Southwest reported income of $2.7m and spending of $2.3m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.7m (+98%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Philanthropy Southwest sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Cristosal Inc ($2.7m), Ingram-White Castle Foundation ($2.7m) and Penny Foundation ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $263k (11% of expenses). Other salaries and wages came to $445k. At year end it held assets of $2.4m against liabilities of $496k, net assets of $1.9m. It reported 7 employees.