Washington Business Alliance Fund

Analysis

Washington Business Alliance Fund is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 2014, 12 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 Business Alliance Fund reported income of $186k and spending of $422k, spending 227% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $183k to $186k (+1.3%), an average of +0.3% a year. The sharpest change came in the year to December 2020, when income rose by 104%. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Washington Business Alliance Fund sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within WA. Charities of a similar size with the same main cause include Redlands Optimist Club Foundation Inc ($186k), Latin American Rubber Association ($186k) and Haines Economic Development Corporation ($186k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $81k against liabilities of $230k, net assets of -$149k.