Southwest Athletics Inc

Analysis

Southwest Athletics Inc is a registered charity in United States, based in Clemmons, NC. It received its IRS tax-exemption ruling in April 1976, 50 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 August 2023, Southwest Athletics Inc reported income of $927k and spending of $834k, spending 90% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $450k to $927k (+106%), an average of +27% a year. The sharpest change came in the year to August 2021, when income rose by 56%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southwest Athletics 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 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Waycross Inc ($926k), Franklin-Simpson Parks Board ($927k) and Mid American District Hockey Inc ($926k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 3.7% and program service revenue 81% of the total. At year end it held assets of $3.3m against liabilities of $925k, net assets of $2.4m.