Swr1 Inc

Analysis

Swr1 Inc is a registered charity in United States, based in Watertown, WI. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Swr1 Inc reported income of $1.7m and spending of $2.5m, spending 147% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $4.2m to $1.7m (-59%), an average of -36% a year. The sharpest change came in the year to June 2023, when income dropped by 55%. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Swr1 Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WI. Charities of a similar size with the same main cause include Our Justice ($1.7m), Contact of Mercer County New Jersey Inc ($1.7m) and Bradley Hospital Foundation ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Other salaries and wages came to $458k. At year end it held assets of $455k against liabilities of $53k, net assets of $403k.