Sequim Education Foundation

Analysis

Sequim Education Foundation is a registered charity in United States, based in Sequim, WA. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Sequim Education Foundation reported income of $94k and spending of $125k, spending 134% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $110k to $94k (-15%), an average of -5.2% a year. The sharpest change came in the year to June 2021, when income rose by 120%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sequim Education Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 30th percentile within WA. Charities of a similar size with the same main cause include Classical Guitar Alive ($93k), Canfield Boys Basketball Boosters ($94k) and Albert Lea Public Education Foundation Inc ($93k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% of the total. Compensation of current officers, directors and key employees was $29k (23% of expenses). At year end it held assets of $1.5m against liabilities of $1,256, net assets of $1.5m. It reported 1 employees.