Yakima Specialties Inc

Analysis

Yakima Specialties Inc is a registered charity in United States, based in Yakima, WA. It received its IRS tax-exemption ruling in July 1966, 60 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Yakima Specialties Inc reported income of $896k and spending of $511k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $795k to $896k (+13%), an average of +3.0% a year. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Yakima Specialties Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within WA. Charities of a similar size with the same main cause include Modesto Improvement Partnership Inc ($895k), Discover Klamath Visitor & Convention Bureau ($896k) and Downtown Riverfront Trust ($894k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% of the total. Compensation of current officers, directors and key employees was $109k (21% of expenses). Other salaries and wages came to $203k. At year end it held assets of $2.9m against liabilities of $100k, net assets of $2.8m. It reported 67 employees.