Greater Seattle Bureau of Fearless Ideas

Analysis

Greater Seattle Bureau of Fearless Ideas is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 2005, 21 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 June 2023, Greater Seattle Bureau of Fearless Ideas reported income of $505k and spending of $601k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $691k to $505k (-27%), an average of -7.5% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Seattle Bureau of Fearless Ideas sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within WA. Charities of a similar size with the same main cause include Bhi Outlet ($505k), Young Entrepreneurs Organization ($505k) and Ebenezer Glenn ($505k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $63k (10% of expenses). Other salaries and wages came to $244k. At year end it held assets of $222k against liabilities of $5,281, net assets of $216k. It reported 8 employees.