Washington State Medical Association Foundation for Health

Analysis

Washington State Medical Association Foundation for Health is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 1968, 58 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Washington State Medical Association Foundation for Health reported income of $232k and spending of $789k, spending 340% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $232k (-77%), an average of -31% a year. The sharpest change came in the year to December 2022, when income rose by 107%. Over the whole period it spent 125% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Washington State Medical Association Foundation for Health sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within WA. Charities of a similar size with the same main cause include Health Action New Mexico ($232k), Care First Foundation Inc ($232k) and Partnership for a Drug Free Community Inc ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 1.8% of the total. It paid $125k in professional fundraising fees. At year end it held assets of $1.8m against liabilities of $13k, net assets of $1.8m.