Southwest Friends Financial Development Corporation

Analysis

Southwest Friends Financial Development Corporation is a registered charity in United States, based in Yorba Linda, CA. It received its IRS tax-exemption ruling in January 1969, 57 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southwest Friends Financial Development Corporation reported income of $119k and spending of $52k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $84k to $119k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2020, when income dropped by 272%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Southwest Friends Financial Development Corporation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Intelligent Transportation Society of America Its America ($119k), Alan Taylor Ministries Inc ($119k) and For All Saints Team Ministries ($119k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 49% of the total. Other salaries and wages came to $9,000. At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.