Foundation for Western Washington University and Alumni

Analysis

Foundation for Western Washington University and Alumni is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in October 1967, 59 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Foundation for Western Washington University and Alumni reported income of $24.7m and spending of $12.6m, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.6m to $24.7m (+69%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 91%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Western Washington University and Alumni sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include San Jacinto Valley Academy Inc ($24.7m), Key School Inc ($24.7m) and Evergreen Charter School ($24.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 6.7% of the total. Other salaries and wages came to $1.8m. It paid $59k in professional fundraising fees. At year end it held assets of $166.1m against liabilities of $16.3m, net assets of $149.9m.