Is Southwest Charter Foundation Inc Legit?

Quick charity verification for Southwest Charter Foundation Inc (EIN: 10561262)

Verdict: Southwest Charter Foundation Inc appears trustworthy

85/100Mission Score
$99.8MRevenue
$182.1MAssets
1Red Flags
4Strengths

Red Flags

Strengths

AI Transparency Report

Southwest Charter Foundation Inc. demonstrates consistent growth in revenue and assets over the past decade, with the latest reported revenue reaching $99,821,922 and assets at $182,099,415. The organization's financial health appears stable, with expenses generally tracking closely to revenue, indicating efficient operational management. For instance, in 2023, expenses were $80,073,223 against revenues of $85,522,600, showing a surplus. However, a notable point is the consistent reporting of liabilities exceeding assets in several periods, such as $146,608,344 in liabilities against $141,347,603 in assets in 2023, which warrants closer examination of their balance sheet structure and long-term financial commitments. The organization's transparency is bolstered by the consistent reporting of 0% officer compensation across all available filings, suggesting that executive leadership is not drawing salaries directly from the organization, which is a strong indicator of a mission-first approach and efficient use of funds for programmatic activities.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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