Washington School Principals Education Foundation

Analysis

Washington School Principals Education Foundation is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in January 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, Washington School Principals Education Foundation reported income of $16.0m and spending of $14.1m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $16.0m (+336%), an average of +44% a year. The sharpest change came in the year to December 2022, when income rose by 170%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Washington School Principals Education Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WA. Charities of a similar size with the same main cause include Harrisburg Area YMCA ($16.0m), Faculty Practice Foundation Inc ($16.1m) and New Mexico Community Trust ($16.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $15.0m against liabilities of $2.7m, net assets of $12.3m. It reported 216 employees.