Mirabella Washington Foundation

Analysis

Mirabella Washington Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Mirabella Washington Foundation reported income of $341k and spending of $105k, leaving 69% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $319k to $341k (+6.9%), an average of +1.7% a year. The sharpest change came in the year to September 2021, when income rose by 41%. Over the whole period it spent 32% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mirabella Washington Foundation 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 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include Brookside Senior Housing Development Fund Inc ($341k), Manor Management Inc ($341k) and Aim High Living ($341k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $1.9m against liabilities of $1,381, net assets of $1.9m.