Washington Community Reinvestment Association

Analysis

Washington Community Reinvestment Association is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2023, Washington Community Reinvestment Association reported income of $6.8m and spending of $6.6m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.2m to $6.8m (+11%), an average of +2.6% a year. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Washington Community Reinvestment Association sits at the 99th percentile: it is larger than about 99% 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 Northern Texas Pga Foundation ($6.8m), The First Tee of Greater Philadelphia Inc ($6.8m) and New York State Public High School Athletic Association Inc ($6.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $494k (7.5% of expenses). Other salaries and wages came to $144k. At year end it held assets of $128.5m against liabilities of $122.6m, net assets of $6.0m. It reported 7 employees.