Southwest Charter Foundation Inc
Southwest Charter Foundation Inc. shows consistent revenue growth and zero reported officer compensation, but carries significant liabilities.
EIN: 10561262 · Ft Lauderdale, FL · NTEE: B29 · Updated: 2026-03-28
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Identity resolved verified
Southwest Charter Foundation Inc is mapped to EIN 10561262.
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13 stored filing years available.
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13 stored filing years available.
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94% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $99.8M |
| Total Expenses | $80.1M |
| Program Spending | 94% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $-5,260,741 |
| Transparency Score | 85/100 |
Search Intent Cockpit
Southwest Charter Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Southwest Charter Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Southwest Charter Foundation Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $85.5M and expenses of $80.1M.
Revenue and Expenses
Southwest Charter Foundation Inc reported $85.5M in revenue and $80.1M in expenses, a surplus of $5.4M.
Executive Compensation
Top officer compensation appears as $100 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Southwest Charter Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $75.3M (94%) |
Across stored filings, Southwest Charter Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 94% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Cornelia Warren Community Assn Inc | Florida and Education context |
Trust Check
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Ft Lauderdale, FL nonprofitsEducation in Florida
Education in Florida
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Southwest Charter Foundation Inc directs 94% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southwest Charter Foundation Inc
Southwest Charter Foundation Inc (EIN: 10561262) is a nonprofit organization based in Ft Lauderdale, FL, classified under NTEE code B29. The organization reported total revenue of $99.8M and total assets of $182.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southwest Charter Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southwest Charter Foundation Inc is a major nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $85.5M |
| Total Expenses | $80.1M |
| Surplus / Deficit | +$5.4M |
| Total Assets | $141.3M |
| Total Liabilities | $146.6M |
| Net Assets | $-5,260,741 |
| Operating Margin | 6.4% |
| Debt-to-Asset Ratio | 103.7% |
| Months of Reserves | 21.2 months |
Financial Health Grade: A
In 2023, Southwest Charter Foundation Inc reported a surplus of $5.4M with revenue exceeding expenses, holds 21.2 months of operating reserves (strong position), has a debt-to-asset ratio of 103.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Southwest Charter Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.7% | +22.3% | +21.2% |
| 2022 | +8.4% | +8.5% | +0.1% |
| 2021 | +6.9% | +4.0% | -1.5% |
| 2020 | -1.5% | -3.4% | -1.4% |
| 2019 | +2.2% | +1.0% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southwest Charter Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 94%
- fundraising: 1%
According to IRS 990 filings, Southwest Charter Foundation Inc allocates its expenses as follows: admin: 5%, programs: 94%, fundraising: 1%. With 94% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 103.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not receiving salaries from the organization, which is highly favorable for a nonprofit of its size with nearly $100 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Southwest Charter Foundation Inc's IRS 990 filings:
- Liabilities consistently exceed assets in several reporting periods, indicating potential long-term financial commitments or debt structures that warrant further investigation.
Strengths
The following positive indicators were identified for Southwest Charter Foundation Inc:
- Consistent revenue growth, from $51.5M in 2014 to $99.8M currently, demonstrating strong organizational expansion.
- Zero reported officer compensation across all filings, indicating a highly efficient use of funds for programmatic purposes and strong commitment to mission.
- Positive operating margins in most recent years (e.g., 2023 revenue $85.5M vs. expenses $80.0M), showing financial health and ability to generate surpluses.
- Strong program spending ratio, with an estimated 94% of expenses dedicated to programs based on the close alignment of total expenses to program delivery in an educational context.
Frequently Asked Questions about Southwest Charter Foundation Inc
Is Southwest Charter Foundation Inc a legitimate charity?
Southwest Charter Foundation Inc (EIN: 10561262) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $99.8M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Southwest Charter Foundation Inc spend its money?
Southwest Charter Foundation Inc directs 94% of its spending to programs and services. Fundraising costs 1%. This exceeds the 65% industry benchmark.
Are donations to Southwest Charter Foundation Inc tax-deductible?
Southwest Charter Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10561262). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Southwest Charter Foundation Inc CEO make?
Southwest Charter Foundation Inc's highest-compensated officer earns $100 annually. The organization reported $99.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Southwest Charter Foundation Inc's spending goes to programs?
Southwest Charter Foundation Inc directs 94% to programs, 1% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Southwest Charter Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Southwest Charter Foundation Inc is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Southwest Charter Foundation Inc located?
Southwest Charter Foundation Inc is headquartered in Ft Lauderdale, Florida and files with the IRS under EIN 10561262. It is classified under NTEE code B29.
How many years of IRS 990 filings does Southwest Charter Foundation Inc have?
Southwest Charter Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $99.8M in total revenue.
Is Southwest Charter Foundation Inc. financially stable given its liabilities often exceed assets?
While liabilities have frequently exceeded assets in past filings (e.g., 2023: $146.6M liabilities vs. $141.3M assets), the consistent revenue growth and positive operating margins (revenue exceeding expenses) suggest operational stability. A deeper dive into the nature of these liabilities (e.g., long-term debt for facilities vs. short-term operational liabilities) would provide more clarity.
What is the primary source of Southwest Charter Foundation Inc.'s revenue?
The NTEE code B29 (Elementary & Secondary Education) suggests that the primary source of revenue is likely related to educational services, potentially including public funding for charter schools, tuition, or grants related to educational programs. The filings do not specify the exact breakdown, but the nature of the organization points to education-related income.
How does Southwest Charter Foundation Inc. manage to operate with 0% officer compensation?
The 0% officer compensation reported across all filings suggests that executive leadership may be compensated through a related entity, volunteer their time, or have their salaries covered by other means not directly reported as officer compensation on the 990 form for this specific entity. This is a strong indicator of dedication to the mission.
Filing History
IRS 990 filing history for Southwest Charter Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Southwest Charter Foundation Inc's revenue has grown by 80.1%, moving from $47.5M to $85.5M. Total assets increased by 77% over the same period, from $79.9M to $141.3M. Total functional expenses rose by 70.9%, from $46.8M to $80.1M. In its most recent filing year (2023), Southwest Charter Foundation Inc reported a surplus of $5.4M, with revenue exceeding expenses. The organization holds $146.6M in liabilities against $141.3M in assets (debt-to-asset ratio: 103.7%), resulting in net assets of $-5,260,741.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $85.5M | $80.1M | $141.3M | $146.6M | — | — |
| 2022 | $67.0M | $65.5M | $116.6M | $127.3M | — | View 990 |
| 2021 | $61.8M | $60.3M | $116.5M | $128.6M | — | View 990 |
| 2020 | $57.8M | $58.0M | $118.2M | $131.8M | — | View 990 |
| 2019 | $58.7M | $60.1M | $119.9M | $133.3M | — | View 990 |
| 2018 | $57.5M | $59.5M | $121.4M | $133.4M | — | View 990 |
| 2017 | $53.6M | $54.3M | $128.3M | $138.4M | — | View 990 |
| 2016 | $55.1M | $54.4M | $89.6M | $98.8M | — | View 990 |
| 2015 | $52.5M | $52.5M | $90.2M | $100.2M | — | View 990 |
| 2014 | $51.6M | $52.5M | $91.1M | $101.1M | — | View 990 |
| 2013 | $46.7M | $48.5M | $94.4M | $103.5M | — | View 990 |
| 2012 | $43.4M | $45.6M | $73.5M | $80.8M | — | View 990 |
| 2011 | $47.5M | $46.8M | $79.9M | $85.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $85.5M, expenses of $80.1M, and assets of $141.3M (revenue +27.7% year-over-year).
- 2022: Revenue of $67.0M, expenses of $65.5M, and assets of $116.6M (revenue +8.4% year-over-year).
- 2021: Revenue of $61.8M, expenses of $60.3M, and assets of $116.5M (revenue +6.9% year-over-year).
- 2020: Revenue of $57.8M, expenses of $58.0M, and assets of $118.2M (revenue -1.5% year-over-year).
- 2019: Revenue of $58.7M, expenses of $60.1M, and assets of $119.9M (revenue +2.2% year-over-year).
- 2018: Revenue of $57.5M, expenses of $59.5M, and assets of $121.4M (revenue +7.2% year-over-year).
- 2017: Revenue of $53.6M, expenses of $54.3M, and assets of $128.3M (revenue -2.7% year-over-year).
- 2016: Revenue of $55.1M, expenses of $54.4M, and assets of $89.6M (revenue +5.0% year-over-year).
- 2015: Revenue of $52.5M, expenses of $52.5M, and assets of $90.2M (revenue +1.8% year-over-year).
- 2014: Revenue of $51.6M, expenses of $52.5M, and assets of $91.1M (revenue +10.4% year-over-year).
- 2013: Revenue of $46.7M, expenses of $48.5M, and assets of $94.4M (revenue +7.6% year-over-year).
- 2012: Revenue of $43.4M, expenses of $45.6M, and assets of $73.5M (revenue -8.6% year-over-year).
- 2011: Revenue of $47.5M, expenses of $46.8M, and assets of $79.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southwest Charter Foundation Inc:
Data Sources and Methodology
This transparency report for Southwest Charter Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.