Pacific Northwest Gigapop

Analysis

Pacific Northwest Gigapop is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pacific Northwest Gigapop reported income of $6.4m and spending of $5.5m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.3m to $6.4m (+1.1%), an average of +0.3% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pacific Northwest Gigapop 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 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include Orange Country Conservation Corps ($6.4m), Workabilities Inc ($6.4m) and Goodwill Industries of Northern Michigan Inc ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.6% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $616k (11% of expenses). At year end it held assets of $24.9m against liabilities of $1.3m, net assets of $23.7m. It reported 1 employees.