Greater Tacoma Community Foundation

Analysis

Greater Tacoma Community Foundation is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in March 1978, 48 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Greater Tacoma Community Foundation reported income of $15.5m and spending of $15.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $19.9m to $15.5m (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Tacoma Community Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within WA. Charities of a similar size with the same main cause include Hidaya Foundation ($15.5m), CCF Community Initiatives Fund ($15.6m) and Mission Metroplex Inc ($15.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $479k (3.1% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $177.6m against liabilities of $2.6m, net assets of $175.0m. It reported 17 employees.