Washington Progress Fund

Analysis

Washington Progress Fund is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Washington Progress Fund reported income of $2.1m and spending of $1.5m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.1m (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2021, when income dropped by 29%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Washington Progress Fund sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Pacific Education Institute ($2.1m), Stewarts Foundation ($2.1m) and Lagrant Foundation ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $114k (7.4% of expenses). Other salaries and wages came to $126k. It paid $13k in professional fundraising fees. At year end it held assets of $2.1m against liabilities of $407k, net assets of $1.7m.