Southwest Association of Student Assistance Programs Inc

Analysis

Southwest Association of Student Assistance Programs Inc is a registered charity in United States, based in Hammond, LA. It received its IRS tax-exemption ruling in May 1978, 48 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Association of Student Assistance Programs Inc reported income of $500k and spending of $500k, spending 100% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $417k to $500k (+20%), an average of +3.7% a year. The sharpest change came in the year to December 2020, when income rose by 109%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southwest Association of Student Assistance Programs Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within LA. Charities of a similar size with the same main cause include Tikkun Farm Inc ($499k), Augusta Training Shop for the Handicapped Inc ($500k) and Blackbelt Treasures ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $176k against liabilities of $0, net assets of $176k.