South Park Area Redevelopment Committee

Analysis

South Park Area Redevelopment Committee is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 1975, 51 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, South Park Area Redevelopment Committee reported income of $570k and spending of $450k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $570k (-46%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 58%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Park Area Redevelopment Committee sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within WA. Charities of a similar size with the same main cause include St Louis Association of Community Organizations ($570k), Reach Literacy ($570k) and Elkton Area United Services ($570k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Other salaries and wages came to $178k. At year end it held assets of $164k against liabilities of $5,786, net assets of $158k. It reported 8 employees.