Kirkland Downtown Association

Analysis

Kirkland Downtown Association is a registered charity in United States, based in Kirkland, WA. It received its IRS tax-exemption ruling in May 2000, 26 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, Kirkland Downtown Association reported income of $338k and spending of $386k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $358k to $338k (-5.5%), an average of -1.4% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kirkland Downtown Association 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 Junior League of Odessa Inc ($338k), Bluegrass Training Consortium ($339k) and Punxsutawney Groundhog Club ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $61k (16% of expenses). Other salaries and wages came to $34k. At year end it held assets of $175k against liabilities of $0, net assets of $175k. It reported 6 employees.