Seattle Colleges Foundation

Analysis

Seattle Colleges Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in December 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 June 2023, Seattle Colleges Foundation reported income of $10.1m and spending of $5.6m, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $10.1m (+135%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 42% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seattle Colleges Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include Kean University Foundation Inc ($10.1m), Accreditation Council for Continuing Medical Education ($10.1m) and Lake View Charter School ($10.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $46.2m against liabilities of $2.0m, net assets of $44.2m.