Salvation Army Seattle Residences Inc

Analysis

Salvation Army Seattle Residences Inc is a registered charity in United States, based in RCH Palos VRD, CA. It received its IRS tax-exemption ruling in March 1996, 30 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 September 2023, Salvation Army Seattle Residences Inc reported income of $410k and spending of $451k, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $364k to $410k (+13%), an average of +3.1% a year. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Salvation Army Seattle Residences Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include The University Foundation ($410k), Aetherius Society ($410k) and PTA California Congress of Parents Teachers & Students Inc ($410k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 57% and program service revenue 37% of the total. Other salaries and wages came to $98k. At year end it held assets of $2.2m against liabilities of $88k, net assets of $2.1m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.