Fairvote Washington Foundation

Analysis

Fairvote Washington Foundation is a registered charity in United States, based in Bothell, WA. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Fairvote Washington Foundation reported income of $478k and spending of $311k, leaving 35% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $355k to $478k (+34%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fairvote Washington Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within WA. Charities of a similar size with the same main cause include Fairport-Perinton Senior Living Council Inc ($478k), Healing Justice Center ($478k) and Indiana Women in Need Foundation Inc ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $392k against liabilities of $100k, net assets of $292k.