Southwest Arkansas Community Development Corporation

Analysis

Southwest Arkansas Community Development Corporation is a registered charity in United States, based in Magnolia, AR. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Southwest Arkansas Community Development Corporation reported income of $511k and spending of $459k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $348k to $511k (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southwest Arkansas Community Development Corporation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within AR. Charities of a similar size with the same main cause include Grow Montessori School Inc ($511k), Eastern Oregon Mission ($511k) and Woods Hole Day Care Cooperative ($511k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $243k. At year end it held assets of $290k against liabilities of $103k, net assets of $187k. It reported 13 employees.