Southeast Seattle Senior Foundation

Analysis

Southeast Seattle Senior Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 1995, 31 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, Southeast Seattle Senior Foundation reported income of $2.4m and spending of $2.6m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.4m (+51%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 171%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southeast Seattle Senior Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include Conorth ($2.4m), United Auto Workers Senior Citizens Center Inc ($2.4m) and San Diego Community Housing Corporation ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $125k (4.9% of expenses). Other salaries and wages came to $449k. At year end it held assets of $12.7m against liabilities of $9.2m, net assets of $3.5m. It reported 12 employees.