Bellingham Makerspace

Analysis

Bellingham Makerspace is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in November 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bellingham Makerspace reported income of $60k and spending of $91k, spending 152% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $131k to $60k (-54%), an average of -54% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 115% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bellingham Makerspace sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 18th percentile within WA. Charities of a similar size with the same main cause include Delta Rotary Foundation ($60k), Rayl Charitable Organization ($60k) and Count Me in for Womens Economic Independence Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.8% of the total. At year end it held assets of $66k against liabilities of $24k, net assets of $42k.