Seattle Storm Foundation

Analysis

Seattle Storm Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 December 2023, Seattle Storm Foundation reported income of $90k and spending of $147k, spending 163% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $213k to $90k (-58%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 87% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Seattle Storm Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 29th percentile within WA. Charities of a similar size with the same main cause include Buckeye Boy Scout Foundation ($90k), Jefferson Youth Soccer Inc ($90k) and Brookfield Lacrosse Club Inc ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $18k. At year end it held assets of $249k against liabilities of $51k, net assets of $198k.