Southwest Lending Closet Inc

Analysis

Southwest Lending Closet Inc is a registered charity in United States, based in Avondale, AZ. It received its IRS tax-exemption ruling in February 2001, 25 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 (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 Lending Closet Inc reported income of $123k and spending of $67k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $144k to $123k (-14%), an average of -14% a year. Over the whole period it spent 46% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southwest Lending Closet Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within AZ. Charities of a similar size with the same main cause include Roanoke Emergency Medical SVC Inc ($123k), Ocl Properties V Inc ($123k) and National Alliance for the Mentally Ill of Southern Ohio ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.