University of the Southwest

Analysis

University of the Southwest is a registered charity in United States, based in Hobbs, NM. It received its IRS tax-exemption ruling in January 1960, 66 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, University of the Southwest reported income of $17.5m and spending of $17.7m, spending 101% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $15.3m to $17.5m (+14%), an average of +2.7% a year. The sharpest change came in the year to May 2021, when income rose by 15%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of the Southwest sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NM. Charities of a similar size with the same main cause include St Croix Preparatory Academy ($17.5m), Henry Viscardi School ($17.5m) and Achievement First Bridgeport Academy Inc ($17.5m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 7.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $701k (4.0% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $16.8m against liabilities of $1.7m, net assets of $15.1m. It reported 161 employees.