Friends of Salmon Bay

Analysis

Friends of Salmon Bay is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Friends of Salmon Bay reported income of $188k and spending of $151k, spending 80% of its income. Across the 3 years on record, from June 2019 to June 2023, income grew from $168k to $188k (+12%), an average of +5.7% a year. The sharpest change came in the year to June 2023, when income rose by 50%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Salmon Bay sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within WA. Charities of a similar size with the same main cause include Loudonville Perrysville School Foundation Inc ($188k), DRHS Band Parent Organization ($188k) and Oldham County Community Scholarships Inc ($188k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 108% of the total. At year end it held assets of $342k against liabilities of $147k, net assets of $196k.