Southwest Creations Collaborative

Analysis

Southwest Creations Collaborative is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Creations Collaborative reported income of $1.1m and spending of $1.1m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.1m (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southwest Creations Collaborative sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NM. Charities of a similar size with the same main cause include Nelson Char Subtrust 01-21957 01 ($1.1m), Startingblock Madison Inc ($1.1m) and Staten Island Makerspace Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $168k (16% of expenses). Other salaries and wages came to $482k. At year end it held assets of $1.5m against liabilities of $1.2m, net assets of $356k. It reported 52 employees.