Snoqualmie Valley Ministerial Association

Analysis

Snoqualmie Valley Ministerial Association is a registered charity in United States, based in North Bend, WA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Snoqualmie Valley Ministerial Association reported income of $132k and spending of $186k, spending 141% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $167k to $132k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Snoqualmie Valley Ministerial Association sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within WA. Charities of a similar size with the same main cause include King-Dishman Affordable Housing ($132k), Forest Lane Apartments Inc ($132k) and Rural Sullivan Housing Corporation ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.