Generations with Pride

Analysis

Generations with Pride is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Generations with Pride reported income of $2.9m and spending of $810k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $483k to $2.9m (+509%), an average of +57% a year. The sharpest change came in the year to December 2022, when income rose by 125%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Generations with Pride sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Hopeful Beginnings ($2.9m), 2nd Home Inc ($2.9m) and Binghamton Broome County Y M C a ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $104k (13% of expenses). Other salaries and wages came to $361k. At year end it held assets of $4.9m against liabilities of $2.6m, net assets of $2.4m. It reported 12 employees.