Life Science Washington Institute

Analysis

Life Science Washington Institute is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Life Science Washington Institute reported income of $1.0m and spending of $980k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $249k to $1.0m (+306%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 236%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Life Science Washington Institute 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 79th percentile, and in the 79th percentile within WA. Charities of a similar size with the same main cause include Damariscotta Montessori School II ($1.0m), The Schilling School for Gifted Children Inc ($1.0m) and General BLDG Laborers Local 66 Training Program Fund Box 666 ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $148k (15% of expenses). Other salaries and wages came to $155k. At year end it held assets of $185k against liabilities of $101k, net assets of $84k. It reported 5 employees.