Southwest Airlines Employees Catastrophic Assistance Charity

Analysis

Southwest Airlines Employees Catastrophic Assistance Charity is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Airlines Employees Catastrophic Assistance Charity reported income of $1.6m and spending of $2.3m, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $1.6m (-31%), an average of -8.9% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Southwest Airlines Employees Catastrophic Assistance Charity sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Lutheran Social Services Foundation of Upstate New York Inc ($1.6m), The Irven E and Nevada P Linscomb Foundation ($1.6m) and Arts Council of Anne Arundel County Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $22.6m against liabilities of $0, net assets of $22.6m.

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.