Eritrean Community in Seattle and Vicinity

Analysis

Eritrean Community in Seattle and Vicinity is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eritrean Community in Seattle and Vicinity reported income of $200k and spending of $296k, spending 148% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $81k to $200k (+149%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 201%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Eritrean Community in Seattle and Vicinity sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within WA. Charities of a similar size with the same main cause include Open Heart Leaders ($200k), Cleveland Rotary Foundation ($200k) and Perris Community Economic Development Corporation ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. At year end it held assets of $296k against liabilities of $2,741, net assets of $293k.

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.