First Hill Improvement Association

Analysis

First Hill Improvement Association is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 2015, 11 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 December 2023, First Hill Improvement Association reported income of $139k and spending of $118k, spending 85% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $263k to $139k (-47%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, First Hill Improvement Association sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within WA. Charities of a similar size with the same main cause include The Joseph Project a Milwaukee Corporation ($139k), Ssmid II ($139k) and National Council of Jewish Women Incorporated ($139k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $277k against liabilities of $938, net assets of $276k.