Kitsap Community Resources

Analysis

Kitsap Community Resources is a registered charity in United States, based in Bremerton, WA. It received its IRS tax-exemption ruling in December 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2021, Kitsap Community Resources reported income of $22.5m and spending of $22.5m, spending 100% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $13.7m to $22.5m (+64%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kitsap Community Resources sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include The Methodist Retirement Center of Central Ohio ($22.5m), Central Kentucky Community Action Council Inc ($22.5m) and Turn Community Services Inc ($22.5m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 93% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $165k (0.7% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $18.6m against liabilities of $4.5m, net assets of $14.1m. It reported 211 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.