Pike Place Market Foundation

Analysis

Pike Place Market Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 1983, 43 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 March 2023, Pike Place Market Foundation reported income of $3.0m and spending of $3.2m, spending 108% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $2.5m to $3.0m (+20%), an average of +6.2% a year. The sharpest change came in the year to March 2021, when income rose by 85%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pike Place Market Foundation sits at the 88th percentile: it is larger than about 88% 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 Fulton Mall Improvement Assoc Inc ($3.0m), MDCDC Inc ($3.0m) and Lower Allen Township Development Authority ($3.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $157k (4.9% of expenses). Other salaries and wages came to $491k. At year end it held assets of $10.0m against liabilities of $1.4m, net assets of $8.6m. It reported 15 employees.