University District Service Fund

Analysis

University District Service Fund is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 2004, 22 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 June 2023, University District Service Fund reported income of $4.3m and spending of $4.4m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.0m to $4.3m (+328%), an average of +62% a year. The sharpest change came in the year to June 2023, when income rose by 135%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, University District Service Fund sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include Carver-Hennepin Options for Innovative Community Employment ($4.3m), Bartlett Place Land Inc ($4.4m) and Foundation for Puerto Rico Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $169k (3.9% of expenses). Other salaries and wages came to $564k. At year end it held assets of $1.1m against liabilities of $895k, net assets of $235k. It reported 8 employees.