Washington Cpa Foundation

Analysis

Washington Cpa Foundation is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in May 1975, 51 years ago. 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 May 2023, Washington Cpa Foundation reported income of $161k and spending of $234k, spending 146% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $182k to $161k (-12%), an average of -3.1% a year. The sharpest change came in the year to May 2023, when income dropped by 48%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Washington Cpa Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 45th percentile within WA. Charities of a similar size with the same main cause include Salisbury Township Volunteer Firemens Relief Association ($161k), PTA Texas Congress ($161k) and Youngs Mens Christian Association of Greensboro Endowment Inc ($161k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 46% and program service revenue 16% of the total. At year end it held assets of $5.1m against liabilities of $2.3m, net assets of $2.8m.