Southwest Center for Independence

Analysis

Southwest Center for Independence is a registered charity in United States, based in Durango, CO. It received its IRS tax-exemption ruling in January 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Southwest Center for Independence reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.2m (+10%), an average of +2.4% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southwest Center for Independence sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within CO. Charities of a similar size with the same main cause include Covenant Housing Corporation ($1.2m), Alabama Christian Housing Inc ($1.2m) and Jubilee Homes of Syracuse Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $65k (5.5% of expenses). Other salaries and wages came to $551k. At year end it held assets of $391k against liabilities of $168k, net assets of $224k. It reported 18 employees.