Puget Sound Community School

Analysis

Puget Sound Community School is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Puget Sound Community School reported income of $1.1m and spending of $1.1m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.1m (-2.3%), an average of -0.6% a year. The sharpest change came in the year to June 2022, when income dropped by 32%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Puget Sound Community School sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WA. Charities of a similar size with the same main cause include Aid for AIDS of Nevada Inc ($1.1m), Business Training Institute Inc ($1.1m) and Help Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $239k (22% of expenses). Other salaries and wages came to $240k. At year end it held assets of $641k against liabilities of $100k, net assets of $540k. It reported 12 employees.