Greater Seattle Partners

Analysis

Greater Seattle Partners is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 2018, 8 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 (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, Greater Seattle Partners reported income of $2.2m and spending of $2.5m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $2.2m (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2023, when income rose by 140%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Seattle Partners sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Church Mouse Thrift Shop Inc ($2.2m), Community Enhancement Services ($2.2m) and Accessability Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $476k (19% of expenses). Other salaries and wages came to $500k. At year end it held assets of $887k against liabilities of $249k, net assets of $638k. It reported 6 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.