Philanthropy Northwest

Analysis

Philanthropy Northwest is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 1982, 44 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, Philanthropy Northwest reported income of $4.2m and spending of $5.7m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.7m to $4.2m (-51%), an average of -16% a year. The sharpest change came in the year to December 2020, when income rose by 312%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philanthropy Northwest sits at the 91st percentile: it is larger than about 91% 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 American Historical Association ($4.2m), Stewpot Community Services Inc ($4.2m) and Arnot Ogden Medical Center Foundation Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $327k (5.7% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $5.1m against liabilities of $546k, net assets of $4.6m. It reported 23 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.