Swift Youth Foundation

Analysis

Swift Youth Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2023, Swift Youth Foundation reported income of $330k and spending of $378k, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $498k to $330k (-34%), an average of -9.7% a year. The sharpest change came in the year to September 2020, when income dropped by 65%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Swift Youth Foundation 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 63rd percentile, and in the 61st percentile within AZ. Charities of a similar size with the same main cause include Brooks Area Recreation Inc ($330k), Utica Jr Comets Hockey Club Inc ($331k) and Tiger Club ($330k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $41k (11% of expenses). Other salaries and wages came to $116k. At year end it held assets of $226k against liabilities of $1,471, net assets of $224k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.