Southwest Association of Student Financial Aid Administrators Inc

Analysis

Southwest Association of Student Financial Aid Administrators Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in August 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Southwest Association of Student Financial Aid Administrators Inc reported income of $72k and spending of $86k, spending 120% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $107k to $72k (-32%), an average of -32% a year. The sharpest change came in the year to June 2024, when income dropped by 32%. Over the whole period it spent 165% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southwest Association of Student Financial Aid Administrators Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 28th percentile within LA. Charities of a similar size with the same main cause include East Bradford Parent Teachers Organization ($72k), Dobie Diamond Club ($72k) and Council of School Supervisors & Administrations Scholarship Fund ($72k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 33% of the total. At year end it held assets of $241k against liabilities of $0, net assets of $241k.