Southwest Fresno Development Corp

Analysis

Southwest Fresno Development Corp is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. 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 Fresno Development Corp reported income of $410k and spending of $431k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $268k to $410k (+53%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southwest Fresno Development Corp sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Gay & Lesbian Youth Services of Western New York Inc ($410k), Habitat for Humanity International Inc ($410k) and Bonita Springs Assistance Office Inc ($410k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $151k (35% of expenses). Other salaries and wages came to $90k. At year end it held assets of $400k against liabilities of $305k, net assets of $94k. It reported 5 employees.