Olympia-Tumwater Foundation

Analysis

Olympia-Tumwater Foundation is a registered charity in United States, based in Tumwater, WA. It received its IRS tax-exemption ruling in March 1953, 73 years ago. 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, Olympia-Tumwater Foundation reported income of $759k and spending of $891k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $585k to $759k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Olympia-Tumwater Foundation sits at the 74th percentile: it is larger than about 74% 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 Rocky Ridge Music Center Foundation ($759k), Ashreinu Corporation ($760k) and Alaska State Youth Soccer Association ($759k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Compensation of current officers, directors and key employees was $161k (18% of expenses). Other salaries and wages came to $173k. At year end it held assets of $11.3m against liabilities of $75k, net assets of $11.2m. It reported 6 employees.