Southwest Housing Development Corp

Analysis

Southwest Housing Development Corp is a registered charity in United States, based in Crowley, LA. It received its IRS tax-exemption ruling in December 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southwest Housing Development Corp reported income of $351k and spending of $355k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $329k to $351k (+6.8%), an average of +1.7% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southwest Housing Development Corp sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within LA. Charities of a similar size with the same main cause include Life Choice Ministries Inc ($351k), Samaritan Health Clinic of Pickens County ($351k) and Society of Saint Stephen ($351k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $79k. At year end it held assets of $705k against liabilities of $719k, net assets of -$14k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.