Pike Market Senior Center

Analysis

Pike Market Senior Center is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Pike Market Senior Center reported income of $3.9m and spending of $3.9m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $3.9m (+9.9%), an average of +2.4% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pike Market Senior Center sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include Nurses for Newborns ($3.9m), Packard Group Incorporated ($3.9m) and Afro American Parents Educational Center Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $200k (5.1% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.8m against liabilities of $253k, net assets of $2.5m. It reported 41 employees.