Municipal Research and Services Center of Washington

Analysis

Municipal Research and Services Center of Washington is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in February 1970, 56 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Municipal Research and Services Center of Washington reported income of $6.1m and spending of $5.6m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $6.1m (+48%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Municipal Research and Services Center of Washington sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include The Council on Aging of Martin County Inc ($6.1m), Arc Community Services Inc ($6.1m) and New City Library ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $4.7m against liabilities of $1.2m, net assets of $3.5m. It reported 34 employees.