Washington Community Action Network Education & Research Fund

Analysis

Washington Community Action Network Education & Research Fund is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 1983, 43 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, Washington Community Action Network Education & Research Fund reported income of $912k and spending of $915k, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $674k to $912k (+35%), an average of +6.2% a year. The sharpest change came in the year to December 2019, when income rose by 178%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Washington Community Action Network Education & Research Fund sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Montgomery County Emergency Assistance Program Inc ($912k), National Church Residences of ($912k) and Lsa Elms Property Inc ($912k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.4% of the total. Other salaries and wages came to $44k. At year end it held assets of $4.0m against liabilities of $358k, net assets of $3.7m.