Wasat Community

Analysis

Wasat Community is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Wasat Community reported income of $702k and spending of $619k, spending 88% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $285k to $702k (+146%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wasat Community sits at the 70th percentile: it is larger than about 70% 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 Connect with a Wish Inc ($702k), Cedar County Coordinated Child Care Inc ($702k) and Haven of Hope Incorporated ($702k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $39k (6.3% of expenses). Other salaries and wages came to $254k. At year end it held assets of $339k against liabilities of $6,552, net assets of $333k. It reported 5 employees.