Hungarian American Association of Washington

Analysis

Hungarian American Association of Washington is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 1984, 42 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 June 2024, Hungarian American Association of Washington reported income of $80k and spending of $52k, leaving 35% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $70k to $80k (+15%), an average of +15% a year. The sharpest change came in the year to June 2024, when income rose by 15%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hungarian American Association of Washington sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 26th percentile within WA. Charities of a similar size with the same main cause include Louisiana 4-H Foundation ($80k), Harvard Radio Broadcasting Co Inc ($80k) and International Institute for Urban Development Inc ($80k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 34% and program service revenue 57% of the total. At year end it held assets of $340k against liabilities of $0, net assets of $340k.