Community Foundation of North Central Washington

Analysis

Community Foundation of North Central Washington is a registered charity in United States, based in Wenatchee, WA. It received its IRS tax-exemption ruling in May 1988, 38 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Community Foundation of North Central Washington reported income of $31.0m and spending of $17.0m, leaving 45% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $12.9m to $31.0m (+139%), an average of +19% a year. The sharpest change came in the year to June 2024, when income rose by 100%. Over the whole period it spent 63% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of North Central Washington sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Enveritas Inc ($30.8m), The Community Foundation of Utah ($31.1m) and The Community Foundation of Greater Birmingham ($30.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $255k (1.5% of expenses). Other salaries and wages came to $375k. At year end it held assets of $163.2m against liabilities of $73.4m, net assets of $89.8m. It reported 8 employees.