Seattle Science Foundation

Analysis

Seattle Science Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 Science Foundation reported income of $2.5m and spending of $3.0m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $2.5m (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Seattle Science Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include Valley Regional Healthcare Inc ($2.5m), Genesis Club House Inc ($2.5m) and Daughters of the Nile Foundation ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $291k (9.8% of expenses). Other salaries and wages came to $455k. At year end it held assets of $3.1m against liabilities of $8,074, net assets of $3.1m. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.