Southwestern Educational Society Inc

Analysis

Southwestern Educational Society Inc is a registered charity in United States, based in Mayaguez, PR. It received its IRS tax-exemption ruling in June 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Southwestern Educational Society Inc reported income of $2.2m and spending of $2.4m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $2.2m (-2.8%), an average of -0.7% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southwestern Educational Society Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 81st percentile within PR. Charities of a similar size with the same main cause include Abintra Montessori School ($2.2m), Limitless Space Institute Inc ($2.2m) and Tsic of Sarasota County Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $110k (4.6% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $5.3m against liabilities of $1.0m, net assets of $4.3m. It reported 75 employees.