Phinney Neighborhood Association

Analysis

Phinney Neighborhood Association is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 1980, 46 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Phinney Neighborhood Association reported income of $3.9m and spending of $4.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $3.9m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 248%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Phinney Neighborhood Association sits at the 91st percentile: it is larger than about 90% 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 Financial Services Stakeholder Project ($3.9m), Long Beach Nonprofit Partnership ($3.9m) and LA Union Del Pueblo Entero ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $125k (3.1% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $14.5m against liabilities of $346k, net assets of $14.2m. It reported 97 employees.