Big Brothers Big Sisters of Puget Sound

Analysis

Big Brothers Big Sisters of Puget Sound is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in March 1959, 67 years ago. 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 August 2023, Big Brothers Big Sisters of Puget Sound reported income of $3.5m and spending of $4.0m, spending 114% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $3.6m to $3.5m (-2.4%), an average of -0.6% a year. The sharpest change came in the year to August 2022, when income rose by 128%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Big Brothers Big Sisters of Puget Sound sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include East Mid-Manhattan District Management Association Inc ($3.5m), United Way of Central Virginia Inc ($3.5m) and South Dakota Urban Indian Health Inc Sduih ($3.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $361k (8.9% of expenses). Other salaries and wages came to $1.8m. It paid $46k in professional fundraising fees. At year end it held assets of $8.1m against liabilities of $516k, net assets of $7.6m. It reported 54 employees.