Mining Foundation of the Southwest Inc

Analysis

Mining Foundation of the Southwest Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in December 1983, 43 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 January 2024, Mining Foundation of the Southwest Inc reported income of $313k and spending of $224k, leaving 29% of income unspent that year. Across the 5 years on record, from January 2020 to January 2024, income grew from $152k to $313k (+106%), an average of +20% a year. The sharpest change came in the year to January 2024, when income rose by 37%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mining Foundation of the Southwest Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within AZ. Charities of a similar size with the same main cause include Falmouth Theater Guild Inc ($313k), Chatham Arch Neighborhood Foundation Inc ($313k) and Marblehead Little Theatre Inc ($313k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 12% of the total. Compensation of current officers, directors and key employees was $40k (18% of expenses). At year end it held assets of $633k against liabilities of $0, net assets of $633k.