Whatcom Working Waterfront Foundation

Analysis

Whatcom Working Waterfront Foundation is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Whatcom Working Waterfront Foundation reported income of $183k and spending of $190k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $183k (+138%), an average of +138% a year. The sharpest change came in the year to December 2023, when income rose by 138%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Whatcom Working Waterfront Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 48th percentile within WA. Charities of a similar size with the same main cause include For Good Movement Inc ($183k), Pine Manor Improvement Association Inc ($183k) and Foundation for San Mateo County Libraries ($183k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,054 against liabilities of $0, net assets of $7,054.