Washington Manufacturing Services

Analysis

Washington Manufacturing Services is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Washington Manufacturing Services reported income of $10.5m and spending of $9.4m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $10.5m (+76%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Washington Manufacturing Services sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include AIDS Community Resources ($10.5m), Canterbury School of Florida Inc ($10.5m) and Columbus State University Foundation Inc ($10.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $536k (5.7% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $5.5m against liabilities of $871k, net assets of $4.6m. It reported 21 employees.