We Heart Seattle

Analysis

We Heart Seattle is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 2021, 5 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, We Heart Seattle reported income of $761k and spending of $606k, leaving 20% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $275k to $761k (+176%), an average of +66% a year. The sharpest change came in the year to December 2022, when income rose by 95%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, We Heart Seattle sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within WA. Charities of a similar size with the same main cause include Earthlinks Inc ($761k), Mississippi Enterprise for Technology Inc ($762k) and Aim Action-In-Maturity ($760k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. It paid $19k in professional fundraising fees. At year end it held assets of $401k against liabilities of $5,535, net assets of $395k.