Northwest Business Development Association

Analysis

Northwest Business Development Association is a registered charity in United States, based in Spokane Valley, WA. It received its IRS tax-exemption ruling in March 1984, 42 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 September 2023, Northwest Business Development Association reported income of $3.7m and spending of $2.9m, leaving 20% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.0m to $3.7m (+23%), an average of +5.2% a year. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northwest Business Development Association sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Anne Arundel Economic Development Corporation ($3.7m), Yerba Buena Community Benefit District ($3.7m) and New Orleans Sponsoring Committee -Together New Orleans ($3.7m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $5.1m against liabilities of $577k, net assets of $4.6m. It reported 29 employees.