501 Commons
1200 12th S Ave Ste 1101, Seattle, WA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $21,401,173 | $19,461,975 | $591,515 |
| FY2023 | $22,195,269 | $26,053,005 | $87,770,232 |
| FY2022 | $7,078,220 | $21,543,334 | $81,822,554 |
| FY2021 | $4,138,516 | $4,296,188 | $1,414,997 |
| FY2020 | $3,626,353 | $4,296,088 | $933,961 |
| FY2019 | $4,004,175 | $4,289,610 | $1,603,014 |
| FY2018 | $4,068,941 | $3,561,563 | $1,883,692 |
| FY2017 | $3,212,677 | $3,297,387 | $1,375,839 |
| FY2016 | $2,634,089 | $3,417,776 | $1,460,549 |
| FY2015 | $3,125,393 | $2,899,101 | $2,244,236 |
| FY2014 | $3,356,332 | $2,338,915 | $2,017,944 |
| FY2013 | $2,339,587 | $2,068,169 | $1,011,616 |
| FY2012 | $1,492,596 | $1,051,846 | $743,903 |
| FY2011 | $755,437 | $717,686 | $303,153 |
Form 990 filings
The returns filed by 501 Commons (EIN 94-3089631), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $17,570,969 | 82% |
| Program service revenue | $3,340,545 | 16% |
| Other revenue | $489,659 | 2% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $16,616,419 | 85% |
| Management & general | $2,177,060 | 11% |
| Fundraising | $668,496 | 3% |
What the numbers show
- Contributions & grants made up 82% of total revenue in FY2024.
- Program services accounted for 85% of functional expenses, management & general 11%, and fundraising 3%.
- 85% of functional expenses went to program services in FY2024. That is higher than 37.5% of 480 Community Improvement & Capacity Building organizations nationwide (too few in WA for a state comparison).
- Net assets covered about 0.4 months of expenses at the end of the reporting year. That puts it in the 5th percentile among 555 Community Improvement & Capacity Building organizations in WA.
- Total revenue was higher than 99.3% of 565 Community Improvement & Capacity Building organizations in WA.
- Total revenue rose from $755,437 in FY2011 to $21,401,173 in FY2024. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 14 reported years (FY2016, FY2017, FY2019, FY2020, FY2021, FY2022, FY2023).
- The highest revenue on record here is $22,195,269 in FY2023.
- Net assets grew from $303,153 to $591,515 between FY2011 and FY2024.
- Contributions and grants made up 56% of revenue in FY2011 and 82% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (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
We all rise when nonprofits thrive. At 501 Commons we serve nonprofits as experts, innovators, and partners. Our passion is to amplify the strength of nonprofits - so all people and communities flourish.
IRS status
| Ruling year | 1993 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | S50Z — Community Improvement & Capacity Building |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 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.
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