Rainier Beach Community Empowerment

Analysis

Rainier Beach Community Empowerment is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 2007, 19 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 2023, Rainier Beach Community Empowerment reported income of $3.7m and spending of $3.2m, spending 86% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.3m to $3.7m (+185%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rainier Beach Community Empowerment sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include TN Vol Manufactering Services Inc ($3.7m), Indianapolis Electrical Joint Apprenticeship Committee ($3.7m) and Riverview Industries Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $210k (6.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $6.1m against liabilities of $4.1m, net assets of $1.9m. It reported 54 employees.