Kitsap Community Foundation

Analysis

Kitsap Community Foundation is a registered charity in United States, based in Silverdale, WA. It received its IRS tax-exemption ruling in January 1995, 31 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 September 2023, Kitsap Community Foundation reported income of $3.1m and spending of $3.0m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.7m to $3.1m (+13%), an average of +3.1% a year. The sharpest change came in the year to September 2020, when income rose by 30%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kitsap Community Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Partners Relief & Development ($3.1m), United Way of Fort Smith Area Inc ($3.1m) and The Foundation for the Center for Hospice and Palliative Care Inc ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $238k (8.1% of expenses). Other salaries and wages came to $305k. At year end it held assets of $12.7m against liabilities of $2.6m, net assets of $10.1m. It reported 9 employees.