Southwest C a R E Center

Analysis

Southwest C a R E Center is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in July 1992, 34 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Southwest C a R E Center reported income of $59.5m and spending of $55.7m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $44.8m to $59.5m (+33%), an average of +7.4% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southwest C a R E Center sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NM. Charities of a similar size with the same main cause include Usaging ($59.5m), Health Resources in Action Inc ($60.9m) and Family Health Center of Worcester Inc ($59.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.0m (1.9% of expenses). Other salaries and wages came to $11.7m. At year end it held assets of $30.0m against liabilities of $3.1m, net assets of $27.0m. It reported 200 employees.