Freeway Park Neighborhood Group

Analysis

Freeway Park Neighborhood Group is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Freeway Park Neighborhood Group reported income of $347k and spending of $324k, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $332k to $347k (+4.5%), an average of +1.5% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Freeway Park Neighborhood Group sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include WV Coalition for Technology-Based Economic Development Inc ($347k), Asclepius Corporation ($347k) and Jobs for Life Inc ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $73k (23% of expenses). Other salaries and wages came to $85k. It paid $444 in professional fundraising fees. At year end it held assets of $222k against liabilities of $12k, net assets of $210k. It reported 4 employees.