Eastside Retirement Association

Analysis

Eastside Retirement Association is a registered charity in United States, based in Redmond, WA. It received its IRS tax-exemption ruling in August 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Eastside Retirement Association reported income of $47.3m and spending of $35.5m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $37.7m to $47.3m (+26%), an average of +5.8% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eastside Retirement Association sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Wayfinder Family Services ($47.3m), Region VII Area Agency on Aging Inc ($47.4m) and Nysarc Inc ($47.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 81% of the total. Other salaries and wages came to $11.9m. At year end it held assets of $351.7m against liabilities of $252.6m, net assets of $99.1m. It reported 375 employees.