Source of Spokane

Analysis

Source of Spokane is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Source of Spokane reported income of $4.6m and spending of $4.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $4.6m (+353%), an average of +46% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Source of Spokane sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Campesinos Sin Fronteras ($4.6m), Center for the Innovative Training of Youth Inc ($4.6m) and The Dream Program Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $422k (9.0% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $654k against liabilities of $307k, net assets of $347k. It reported 153 employees.