Washington Maritime Blue

Analysis

Washington Maritime Blue is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 June 2023, Washington Maritime Blue reported income of $2.9m and spending of $2.5m, spending 85% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $848k to $2.9m (+242%), an average of +85% a year. The sharpest change came in the year to June 2022, when income rose by 159%. Over the whole period it spent 92% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Washington Maritime Blue sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Martis Fund ($2.9m), Fort Campbell Historical Foundation Inc ($2.9m) and Maryland Coastal Bays Foundation Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $209k (8.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $741k against liabilities of $230k, net assets of $511k. It reported 22 employees.