West Coast Latvian Education Center

Analysis

West Coast Latvian Education Center is a registered charity in United States, based in Woodinville, WA. It received its IRS tax-exemption ruling in October 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, West Coast Latvian Education Center reported income of $229k and spending of $250k, spending 109% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $191k to $229k (+20%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Coast Latvian Education Center sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within WA. Charities of a similar size with the same main cause include Mt Edgecumbe Preschool Inc ($229k), Tahoe Nordic Search and Rescue Team Inc Po Box 7703 ($229k) and The National Alumnae Association of Spelman College ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $15k (6.0% of expenses). Other salaries and wages came to $45k. At year end it held assets of $1.8m against liabilities of $798, net assets of $1.8m. It reported 34 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.