Community Foundation of South Puget Sound

Analysis

Community Foundation of South Puget Sound is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Community Foundation of South Puget Sound reported income of $4.2m and spending of $3.6m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $4.2m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of South Puget Sound sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include Mercy Ships Foundation ($4.1m), North Texas Area United Way Inc ($4.2m) and United Way of West Florida Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $117k (3.2% of expenses). Other salaries and wages came to $251k. At year end it held assets of $38.8m against liabilities of $7.4m, net assets of $31.3m. It reported 6 employees.