Independent Colleges of Washington

Analysis

Independent Colleges of Washington is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Independent Colleges of Washington reported income of $2.4m and spending of $2.5m, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.5m to $2.4m (-3.3%), an average of -0.8% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Independent Colleges of Washington sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include Foundation First ($2.4m), Saints Foundation ($2.4m) and Project Syncere ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $376k (15% of expenses). Other salaries and wages came to $366k. At year end it held assets of $3.8m against liabilities of $1.1m, net assets of $2.7m. It reported 17 employees.