Puget Sound Opportunties Industrialization Center

Analysis

Puget Sound Opportunties Industrialization Center is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Puget Sound Opportunties Industrialization Center reported income of $716k and spending of $584k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $464k to $716k (+54%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 59%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Puget Sound Opportunties Industrialization Center sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within WA. Charities of a similar size with the same main cause include Montgomery County Youth Services Bureau Inc ($716k), Philip Murray House II Inc ($716k) and Victor Farmington Food Cupboard Inc ($716k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Other salaries and wages came to $299k. At year end it held assets of $412k against liabilities of $45k, net assets of $367k. It reported 9 employees.