Washington Library Association

Analysis

Washington Library Association is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in March 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Washington Library Association reported income of $297k and spending of $320k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $430k to $297k (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Washington Library Association sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within WA. Charities of a similar size with the same main cause include Skyline High School Booster Club ($297k), Baroque Chamber Orchestra of Colorado ($297k) and Xiamen University Education Foundation of North America ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 56% of the total. At year end it held assets of $258k against liabilities of $84k, net assets of $175k.

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.