Seattle Jobs Initiative

Analysis

Seattle Jobs Initiative is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover employment, 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 December 2023, Seattle Jobs Initiative reported income of $6.2m and spending of $6.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $6.2m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Seattle Jobs Initiative sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include Starry Inc ($6.1m), Accessity ($6.2m) and Specialized Training for Adult Rehabilitation Inc ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $210k (3.2% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $4.8m against liabilities of $1.2m, net assets of $3.6m. It reported 48 employees.