Catherine Washburn Medical Association

Analysis

Catherine Washburn Medical Association is a registered charity in United States, based in Lopez Island, WA. It received its IRS tax-exemption ruling in October 1972, 54 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Catherine Washburn Medical Association reported income of $202k and spending of $169k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $222k to $202k (-9.0%), an average of -2.3% a year. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catherine Washburn Medical Association sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within WA. Charities of a similar size with the same main cause include Allied Communities of Tulsa Inspiring Our Neighborhoods Inc ($202k), Tri-State Antique Engine and Threshers Association Inc ($202k) and Charlie Russell Riders Foundation Inc ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $3.8m against liabilities of $9,443, net assets of $3.7m.