Denise Louie Education Center

Analysis

Denise Louie Education Center is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. 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 October 2023, Denise Louie Education Center reported income of $11.7m and spending of $8.6m, leaving 27% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $6.1m to $11.7m (+91%), an average of +18% a year. The sharpest change came in the year to October 2023, when income rose by 38%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Denise Louie Education Center sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include Bnos Melech of Lakewood Inc ($11.7m), D-Veal Corporation ($11.8m) and Lincoln Park Performing Arts Charter School ($11.7m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 96% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $134k (1.6% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $16.9m against liabilities of $1.9m, net assets of $14.9m. It reported 151 employees.