Lake Washington Schools Foundation

Analysis

Lake Washington Schools Foundation is a registered charity in United States, based in Redmond, WA. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Lake Washington Schools Foundation reported income of $618k and spending of $814k, spending 132% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $522k to $618k (+18%), an average of +5.8% a year. The sharpest change came in the year to June 2021, when income rose by 59%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lake Washington Schools Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within WA. Charities of a similar size with the same main cause include Jim Saunders Fund ($618k), Mission Global USA ($618k) and Thundering Saints ($618k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $105k (13% of expenses). Other salaries and wages came to $76k. At year end it held assets of $887k against liabilities of $244k, net assets of $643k. It reported 5 employees.