Greater Seattle Business Assoc Scholarship Fund

Analysis

Greater Seattle Business Assoc Scholarship Fund is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 1991, 35 years ago. 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, Greater Seattle Business Assoc Scholarship Fund reported income of $1.3m and spending of $1.1m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $1.3m (-40%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Seattle Business Assoc Scholarship Fund sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WA. Charities of a similar size with the same main cause include Algona Family Young Mens Christian Association ($1.3m), Rockdale Fair Association Inc ($1.3m) and Irvine Swim League Inc a California Non Profit Mutual Benefit Corp ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. It paid $24k in professional fundraising fees. At year end it held assets of $4.5m against liabilities of $90k, net assets of $4.4m.