Tigrean Association

Analysis

Tigrean Association is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Tigrean Association reported income of $169k and spending of $77k, leaving 54% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $89k to $169k (+89%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tigrean Association sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 46th percentile within WA. Charities of a similar size with the same main cause include Phelps Business Development &tourism Council Inc ($169k), Leadmo ($169k) and Precipitation Northwest ($169k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $772k against liabilities of $99k, net assets of $674k.