First a M E Housing Association

Analysis

First a M E Housing Association is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 1983, 43 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, First a M E Housing Association reported income of $3.2m and spending of $2.7m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.2m (+51%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 363%. Over the whole period it spent 42% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, First a M E Housing Association sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include D a S H for Lagrange Inc ($3.2m), Our Lady of Providence VT Inc ($3.2m) and Habitat for Humanity of Central Ar ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 37% of the total. Other salaries and wages came to $517k. At year end it held assets of $19.6m against liabilities of $766k, net assets of $18.8m. It reported 7 employees.