Southwestern Medical Foundation

Analysis

Southwestern Medical Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 1940, 86 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Southwestern Medical Foundation reported income of $72.8m and spending of $51.9m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $51.0m to $72.8m (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 340%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southwestern Medical Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Taft School Corporation ($72.7m), North Greenville University ($72.9m) and Ave Maria University Inc ($72.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% of the total. Compensation of current officers, directors and key employees was $809k (1.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.20bn against liabilities of $11.3m, net assets of $1.19bn. It reported 21 employees.