Economic Alliance Snohomish County Center for Business and Employment

Analysis

Economic Alliance Snohomish County Center for Business and Employment is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in August 1986, 40 years ago. 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, Economic Alliance Snohomish County Center for Business and Employment reported income of $112k and spending of $108k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $263k to $112k (-58%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Economic Alliance Snohomish County Center for Business and Employment sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 35th percentile within WA. Charities of a similar size with the same main cause include Alabama American Legion Boys State Inc ($112k), Suffolk Intergroup Association of Alcoholics Anonymous ($112k) and Global Marketplace Alliance ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $254k against liabilities of $248k, net assets of $6,071.