Lake Washington College Foundation

Analysis

Lake Washington College Foundation is a registered charity in United States, based in Kirkland, WA. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Lake Washington College Foundation reported income of $1.6m and spending of $913k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.6m (+15%), an average of +3.7% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Washington College Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WA. Charities of a similar size with the same main cause include Ozanam Geriatric Foundation ($1.6m), Childrens Law Center of Mass Inc North Shore Childrens Law Project ($1.6m) and University Research Foundation Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 0.5% of the total. At year end it held assets of $5.6m against liabilities of $139k, net assets of $5.4m.