Bellwether Housing

Analysis

Bellwether Housing is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 1980, 46 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, Bellwether Housing reported income of $49.8m and spending of $54.1m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.1m to $49.8m (+107%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bellwether Housing sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include CH Neurology Foundation Inc ($49.7m), Brilla College Preparatory Charter Schools ($49.9m) and Family Guidance Centers Inc ($49.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $1.3m (2.3% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $394.7m against liabilities of $280.0m, net assets of $114.7m. It reported 247 employees.