Hearing Speech & Deafness Center

Analysis

Hearing Speech & Deafness Center is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 1939, 87 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2023, Hearing Speech & Deafness Center reported income of $5.3m and spending of $5.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $5.3m (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hearing Speech & Deafness Center sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Solbon International Inc ($5.3m), North Carolina Healthcare Foundation Inc ($5.3m) and Metavivor Research and Support Inc ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $190k (3.6% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $5.3m against liabilities of $1.9m, net assets of $3.4m. It reported 63 employees.