Seattle Fishermen S Memorial

Analysis

Seattle Fishermen S Memorial is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 1986, 40 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 2023, Seattle Fishermen S Memorial reported income of $346k and spending of $209k, leaving 40% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $351k to $346k (-1.4%), an average of -0.5% a year. The sharpest change came in the year to June 2022, when income rose by 73%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seattle Fishermen S Memorial sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include New Mexico Music Educators Association ($346k), Young Peoples Symphony Orchestra Association ($346k) and Whiffenpoofs of Yale University Inc ($346k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $3.8m against liabilities of $100, net assets of $3.8m.