Southwestern Medical Foundation
3889 Maple Ave Ste 100, Dallas, TX · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $183,069,250 | $55,305,025 | $1,279,269,013 |
| FY2023 | $72,790,697 | $51,850,614 | $1,188,693,685 |
| FY2022 | $79,182,549 | $81,194,379 | $1,117,324,067 |
| FY2021 | $133,001,887 | $54,537,915 | $1,312,793,793 |
| FY2020 | $30,251,588 | $39,615,826 | $1,111,772,705 |
| FY2019 | $50,953,403 | $33,595,280 | $1,001,296,109 |
| FY2018 | $85,008,274 | $36,956,167 | $893,912,848 |
| FY2017 | $69,734,165 | $37,636,595 | $925,027,876 |
| FY2016 | $59,761,492 | $37,693,736 | $818,707,683 |
| FY2015 | $74,160,691 | $36,223,071 | $773,261,001 |
| FY2014 | $43,030,167 | $172,692,560 | $804,207,954 |
| FY2013 | $62,684,985 | $32,155,990 | $931,232,835 |
| FY2012 | $55,868,215 | $28,329,963 | $825,484,338 |
| FY2011 | $85,979,054 | $30,120,576 | $770,859,647 |
Form 990 filings
The returns filed by Southwestern Medical Foundation (EIN 75-0945939), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $57,558,864 | 31% |
| Program service revenue | $0 | 0% |
| Other revenue | $125,510,386 | 69% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $49,875,774 | 90% |
| Management & general | $3,569,084 | 6% |
| Fundraising | $1,860,167 | 3% |
What the numbers show
- Other revenue made up 69% of total revenue in FY2024.
- Program services accounted for 90% of functional expenses, management & general 6%, and fundraising 3%.
- 90% of functional expenses went to program services in FY2024. That is higher than 78% of 236 Education organizations in TX.
- Net assets covered about 277.6 months of expenses at the end of the reporting year. That puts it in the 95th percentile among 4180 Education organizations in TX.
- Total revenue was higher than 99.6% of 4316 Education organizations in TX.
- Total revenue rose from $85,979,054 in FY2011 to $183,069,250 in FY2024. Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2014, FY2020, FY2022).
- Net assets grew from $770,859,647 to $1,279,269,013 between FY2011 and FY2024.
- Contributions and grants made up 74% of revenue in FY2011 and 31% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
SOUTHWESTERN MEDICAL FOUNDATION (THE "FOUNDATION") WAS ORGANIZED IN 1939 AS A TEXAS NON-PROFIT CORPORATION, COMMITTED TO THE DEVELOPMENT AND IMPROVEMENT OF MEDICAL EDUCATION, MEDICAL RESEARCH AND PATIENT CARE IN THE NORTH TEXAS COMMUNITY AND THROUGHOUT THE WORLD.
IRS status
| Ruling year | 1940 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B110 — Education (in TX) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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