Washington State Microenterprise Association

Analysis

Washington State Microenterprise Association is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in October 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, Washington State Microenterprise Association reported income of $3.8m and spending of $2.8m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $231k to $3.8m (+1564%), an average of +102% a year. The sharpest change came in the year to December 2021, when income rose by 790%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Washington State Microenterprise Association 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 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include Susquehanna Heritage Corporation ($3.8m), Capitalize Albany Corporation ($3.8m) and Fresh Ministries Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $102k (3.6% of expenses). Other salaries and wages came to $103k. At year end it held assets of $1.0m against liabilities of $16k, net assets of $1.0m. It reported 4 employees.