Ethiopian Muslim Association of Seattle

Analysis

Ethiopian Muslim Association of Seattle is a registered charity in United States, based in Seatac, WA. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Ethiopian Muslim Association of Seattle reported income of $294k and spending of $223k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $400k to $294k (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2021, when income rose by 610%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ethiopian Muslim Association of Seattle sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within WA. Charities of a similar size with the same main cause include The Contemporary Youth Orchestra ($293k), Fresno Athletic Hall of Fame ($294k) and Friends of the Olga Store Building ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $25k (11% of expenses). Other salaries and wages came to $95k. At year end it held assets of $512k against liabilities of $4,850, net assets of $507k.