SW Resources Inc

Analysis

SW Resources Inc is a registered charity in United States, based in Parkersburg, WV. It received its IRS tax-exemption ruling in April 1965, 61 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, SW Resources Inc reported income of $4.4m and spending of $4.7m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $4.4m (+6.6%), an average of +1.6% a year. The sharpest change came in the year to December 2020, when income rose by 15%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, SW Resources Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WV. Charities of a similar size with the same main cause include Neighborhood Housing Services of Orange County Inc ($4.4m), Cornerstone Alliance ($4.4m) and Highland Rim Economic Corporation ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $79k (1.7% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $3.2m against liabilities of $845k, net assets of $2.4m. It reported 276 employees.