Southwest Educational Ministries Association

Analysis

Southwest Educational Ministries Association is a registered charity in United States, based in Lawton, OK. It received its IRS tax-exemption ruling in March 1992, 34 years ago. 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 2022, Southwest Educational Ministries Association reported income of $505k and spending of $660k, spending 131% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $943k to $505k (-46%), an average of -19% a year. The sharpest change came in the year to June 2021, when income dropped by 38%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southwest Educational Ministries Association sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within OK. Charities of a similar size with the same main cause include United Way of Sumter Clarendon and Lee Counties Inc ($505k), Divine Mercy Radio Inc ($505k) and Calvary Life Baptist Chapel ($505k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $51k (7.7% of expenses). Other salaries and wages came to $366k. At year end it held assets of $2.1m against liabilities of $701k, net assets of $1.4m. It reported 29 employees.

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.