Mount Baker Housing Association

Analysis

Mount Baker Housing Association is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Mount Baker Housing Association reported income of $6.8m and spending of $7.4m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $6.8m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2020, when income rose by 132%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mount Baker Housing Association sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Addison County Community Trust ($6.8m), Mayflower RHF Housing Inc ($6.9m) and Habitat for Humanity Internal Inc ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $493k (6.7% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $81.6m against liabilities of $51.5m, net assets of $30.2m. It reported 19 employees.