Scwa Foundation

Analysis

Scwa Foundation is a registered charity in United States, based in Pinewood, SC. It received its IRS tax-exemption ruling in May 2016, 10 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2024, Scwa Foundation reported income of $1.6m and spending of $12k, leaving 99% of income unspent that year. Across the 5 years on record, from February 2020 to February 2024, income grew from $63k to $1.6m (+2380%), an average of +123% a year. The sharpest change came in the year to February 2024, when income rose by 1489%. Over the whole period it spent 4.2% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Scwa Foundation 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 SC. Charities of a similar size with the same main cause include The Irven E and Nevada P Linscomb Foundation ($1.6m), Everyone Can Help Inc ($1.6m) and Southwest Airlines Employees Catastrophic Assistance Charity ($1.6m).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 65% of the total. At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m.