Foundation for Sustainable Community

Analysis

Foundation for Sustainable Community is a registered charity in United States, based in Snohomish, WA. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Foundation for Sustainable Community reported income of $12.7m and spending of $12.5m, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $239k to $12.7m (+5224%), an average of +276% a year. The sharpest change came in the year to December 2020, when income rose by 26867%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Foundation for Sustainable Community sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within WA. Charities of a similar size with the same main cause include Tehama County Opportunity Center Inc ($12.7m), Southwest Florida Workforce Development Board Inc ($12.8m) and Genesis LA Economic Growth Corporation ($12.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $1.1m against liabilities of $210k, net assets of $873k. It reported 42 employees.