Institute for Washingtons Future

Analysis

Institute for Washingtons Future is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in July 1994, 32 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, Institute for Washingtons Future reported income of $3.0m and spending of $1.6m, leaving 48% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.4m to $3.0m (+116%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute for Washingtons Future sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Lighted Way Association Inc ($3.0m), International Public Management Association for Human Resources ($3.0m) and Womens Development Corporation ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $48k (3.1% of expenses). At year end it held assets of $3.3m against liabilities of $1.0m, net assets of $2.3m. It reported 1 employees.