Overlake Service League

Analysis

Overlake Service League is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in April 1949, 77 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 June 2024, Overlake Service League reported income of $3.2m and spending of $4.0m, spending 126% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.6m to $3.2m (+97%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 61%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Overlake Service League sits at the 87th percentile: it is larger than about 87% 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 Cole Center Family YMCA ($3.2m), Nathan Adelson Hospice Foundation Inc ($3.2m) and Smart Love Parenting Center ($3.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 108% of the total. Compensation of current officers, directors and key employees was $319k (7.9% of expenses). Other salaries and wages came to $734k. At year end it held assets of $3.4m against liabilities of $248k, net assets of $3.2m. It reported 17 employees.