Somerset Parent Teacher Association of Bellevue Washington

Analysis

Somerset Parent Teacher Association of Bellevue Washington is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in October 1994, 32 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 June 2024, Somerset Parent Teacher Association of Bellevue Washington reported income of $421k and spending of $432k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $230k to $421k (+83%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 82%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Somerset Parent Teacher Association of Bellevue Washington sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within WA. Charities of a similar size with the same main cause include Native Hawaiian Education Association ($420k), See Ya Later Foundation Inc ($421k) and Community Homeschool Education Center Inc ($420k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 34% and program service revenue 67% of the total. At year end it held assets of $276k against liabilities of $0, net assets of $276k.