Friends of Switchpoint Inc

Analysis

Friends of Switchpoint Inc is a registered charity in United States, based in Saint George, UT. It received its IRS tax-exemption ruling in February 2004, 22 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 September 2023, Friends of Switchpoint Inc reported income of $31.3m and spending of $17.6m, leaving 44% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.9m to $31.3m (+354%), an average of +46% a year. The sharpest change came in the year to September 2021, when income rose by 118%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Switchpoint Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within UT. Charities of a similar size with the same main cause include New Narrative ($31.3m), New Directions Youth and Family Services Inc ($31.3m) and University of Kansas School of Medicine Wichita Medical Practice ($31.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $163k (0.9% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $48.5m against liabilities of $12.5m, net assets of $35.9m. It reported 426 employees.