Foundation of District 304

Analysis

Foundation of District 304 is a registered charity in United States, based in Sedro Woolley, WA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation of District 304 reported income of $703k and spending of $706k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $295k to $703k (+139%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation of District 304 sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within WA. Charities of a similar size with the same main cause include Readers Digest Partners for Sight Foundation ($703k), Koko Ai Inc ($703k) and Village Life Outreach Project Inc ($703k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,510 against liabilities of $21k, net assets of -$15k.

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.