Seattle Good Business Network

Analysis

Seattle Good Business Network is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 2015, 11 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, Seattle Good Business Network reported income of $2.8m and spending of $2.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $582k to $2.8m (+374%), an average of +48% a year. The sharpest change came in the year to December 2022, when income rose by 138%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Seattle Good Business Network sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Eau Claire Community Complex Inc ($2.8m), Grow Capital Jobs Foundation ($2.8m) and Launch Alaska ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $140k (5.0% of expenses). Other salaries and wages came to $490k. At year end it held assets of $425k against liabilities of $451k, net assets of -$26k. It reported 22 employees.