Ethiopian Community in Seattle

Analysis

Ethiopian Community in Seattle is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Ethiopian Community in Seattle reported income of $2.2m and spending of $980k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.2m (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 194%. Over the whole period it spent 27% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ethiopian Community in Seattle sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Venetian Heritage Inc ($2.2m), Clatsop County Historical Society Inc ($2.2m) and The Building for Kids Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $95k (9.7% of expenses). Other salaries and wages came to $420k. At year end it held assets of $12.9m against liabilities of $59k, net assets of $12.8m. It reported 9 employees.