Community Foundation of Snohomish County

Analysis

Community Foundation of Snohomish County is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in March 2006, 20 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 Snohomish County reported income of $10.2m and spending of $12.5m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.3m to $10.2m (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 66% 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 Snohomish County sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include Community Foundation of Northwest Georgia Inc ($10.2m), Ann Arbor Area Community Foundation ($10.2m) and Jewish Community Foundation of Southern Arizona ($10.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $291k (2.3% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $56.9m against liabilities of $3.9m, net assets of $53.0m. It reported 31 employees.