Southwest Key Programs Inc

Analysis

Southwest Key Programs Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Southwest Key Programs Inc reported income of $897.5m and spending of $900.9m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $468.0m to $897.5m (+92%), an average of +18% a year. The sharpest change came in the year to August 2021, when income rose by 43%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southwest Key Programs Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Inland Counties Regional Center Inc ($853.4m), The Evangelical Lutheran Good Samaritan Society ($953.3m) and Community Care Inc ($759.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $6.4m (0.7% of expenses). Other salaries and wages came to $518.9m. At year end it held assets of $255.6m against liabilities of $146.4m, net assets of $109.2m. It reported 12,368 employees.