Seattle-King County Workforce Development Council

Analysis

Seattle-King County Workforce Development Council is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover employment, 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 June 2023, Seattle-King County Workforce Development Council reported income of $18.5m and spending of $18.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.9m to $18.5m (+33%), an average of +7.5% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Seattle-King County Workforce Development Council sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WA. Charities of a similar size with the same main cause include Delaware River Waterfront Corporation ($18.5m), Pearl River Valley Opportunity Inc ($18.5m) and Sertoma Star Services Inc ($18.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $419k (2.2% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.7m against liabilities of $4.2m, net assets of $471k. It reported 22 employees.