Seattle Neighborhood Group

Analysis

Seattle Neighborhood Group is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Seattle Neighborhood Group reported income of $1.2m and spending of $1.3m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.2m (-9.3%), an average of -2.4% a year. The sharpest change came in the year to December 2021, when income dropped by 16%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Seattle Neighborhood Group sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within WA. Charities of a similar size with the same main cause include Urban Development Corporation ($1.2m), Lower Pioneer Valley Educational Corporation ($1.2m) and Narika ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $92k (6.9% of expenses). Other salaries and wages came to $399k. At year end it held assets of $439k against liabilities of $231k, net assets of $208k. It reported 16 employees.