Southwest Development Financing Inc

Analysis

Southwest Development Financing Inc is a registered charity in United States, based in Abingdon, VA. It received its IRS tax-exemption ruling in March 1997, 29 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 June 2023, Southwest Development Financing Inc reported income of $58k and spending of $24k, leaving 59% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $66k to $58k (-13%), an average of -3.3% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southwest Development Financing Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within VA. Charities of a similar size with the same main cause include Hundred Year Association of New York Inc ($58k), Valley County Pathways Inc ($58k) and North Central Arkansas Chamber Foundation ($58k).

At year end it held assets of $2.0m against liabilities of $12k, net assets of $2.0m.