Sweetwater Improvement Inc

Analysis

Sweetwater Improvement Inc is a registered charity in United States, based in Sweetwater, TX. It received its IRS tax-exemption ruling in February 1981, 45 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Sweetwater Improvement Inc reported income of $91k and spending of $87k, spending 95% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $79k to $91k (+15%), an average of +2.8% a year. The sharpest change came in the year to August 2022, when income rose by 172%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sweetwater Improvement Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Montgomery County Economic Development Corporation ($91k), Haben Tigray Relief and Development Association ($91k) and Santa Clarita Valley Education Foundation ($91k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 84% of the total. At year end it held assets of $250k against liabilities of $83, net assets of $250k.