Senior Homes Foundation of Eastern Washington

Analysis

Senior Homes Foundation of Eastern Washington is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 March 2024, Senior Homes Foundation of Eastern Washington reported income of $998k and spending of $502k, leaving 50% of income unspent that year. Across the 6 years on record, from March 2019 to March 2024, income grew from $148k to $998k (+576%), an average of +46% a year. The sharpest change came in the year to March 2024, when income rose by 514%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Senior Homes Foundation of Eastern Washington sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WA. Charities of a similar size with the same main cause include Durhamcares Inc ($998k), Friends of Big Sky Education ($999k) and Lycoming County United Way Inc ($997k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 0.4% and program service revenue 3.3% of the total. At year end it held assets of $5.2m against liabilities of $4,177, net assets of $5.2m.