THE SEATTLE FOUNDATION
1601 5TH AVE STE 1900, SEATTLE, WA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $314,722,382 | $244,548,637 | $1,264,752,898 |
| FY2023 | $186,713,007 | $182,608,290 | $1,150,040,473 |
| FY2022 | $159,592,537 | $208,182,776 | $1,042,468,509 |
| FY2021 | $283,945,398 | $230,833,709 | $1,271,997,686 |
| FY2020 | $303,698,138 | $209,122,509 | $1,144,682,833 |
| FY2019 | $223,919,187 | $143,052,797 | $987,049,332 |
| FY2018 | $169,608,921 | $137,201,909 | $809,004,297 |
| FY2017 | $152,742,834 | $110,286,703 | $867,472,486 |
| FY2016 | $125,281,865 | $88,478,823 | $744,341,120 |
| FY2015 | $115,345,600 | $90,443,123 | $678,025,484 |
| FY2014 | $101,822,637 | $87,630,910 | $684,767,719 |
| FY2013 | $112,191,695 | $67,599,264 | $672,197,944 |
| FY2012 | $159,267,094 | $65,812,763 | $566,841,701 |
| FY2011 | $66,689,526 | $58,798,795 | $503,498,595 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $248,824,412 | 99% |
| Program service revenue | $3,184,213 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $232,938,122 | 95% |
| Management & general | $10,439,828 | 4% |
| Fundraising | $1,170,687 | 0% |
What the numbers show
- Contributions & grants made up 99% of total revenue in FY2024.
- Program services accounted for 95% of functional expenses, management & general 4%, and fundraising 0%.
- 95% of functional expenses went to program services in FY2024. That is higher than 75.3% of 1000 Philanthropy, Voluntarism & Grantmaking Foundations organizations nationwide (too few in WA for a state comparison).
- Net assets covered about 62.1 months of expenses at the end of the reporting year. That puts it in the 40th percentile among 1117 Philanthropy, Voluntarism & Grantmaking Foundations organizations in WA.
- Total revenue was higher than 99.9% of 1136 Philanthropy, Voluntarism & Grantmaking Foundations organizations in WA.
- Total revenue rose from $66,689,526 in FY2011 to $314,722,382 in FY2024, Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2022).
- Net assets grew from $503,498,595 to $1,264,752,898 between FY2011 and FY2024.
- Contributions and grants made up 65% of revenue in FY2011 and 79% in FY2024.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
IGNITE POWERFUL & REWARDING PHILANTHROPY TO MAKE SEATTLE A STRONGER VIBRANT COMMUNITY FOR ALL.
IRS status
| Ruling year | 1947 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | T31 — Philanthropy, Voluntarism & Grantmaking Foundations |
| Donations | Donations are generally tax-deductible (public charity). |
Similar organizations
- BEZOS FAMILY FOUNDATION — SEATTLE, WA · $225,014,722
- ROOTS AND WINGS FOUNDATION INC — SEATTLE, WA · $200,460,454
- ALLEN FAMILY PHILANTHROPIES — SEATTLE, WA · $115,479,539
- M J MURDOCK CHARITABLE TRUST — VANCOUVER, WA · $94,465,842
- CASEY FAMILY PROGRAMS — SEATTLE, WA · $62,593,711
- GATES FOUNDATION TRUST — KIRKLAND, WA · $6,534,759,844
- GATES FOUNDATION — SEATTLE, WA · $7,810,137,842
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.