Central Area Collaborative

Analysis

Central Area Collaborative is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 2019, 7 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, Central Area Collaborative reported income of $348k and spending of $383k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $545k to $348k (-36%), an average of -20% a year. The sharpest change came in the year to December 2023, when income rose by 172%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Central Area Collaborative sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include Asclepius Corporation ($347k), Macedonia Community Development Corporation ($348k) and Freeway Park Neighborhood Group ($347k).

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 $104k (27% of expenses). At year end it held assets of $123k against liabilities of $0, net assets of $123k.