Arts of Snohomish

Analysis

Arts of Snohomish is a registered charity in United States, based in Snohomish, WA. It received its IRS tax-exemption ruling in December 2023, 3 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Arts of Snohomish reported income of $63k and spending of $74k, spending 117% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $58k to $63k (+9.2%), an average of +2.2% a year. The sharpest change came in the year to March 2022, when income rose by 58%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts of Snohomish sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 19th percentile within WA. Charities of a similar size with the same main cause include Oil Region Ballet Company ($63k), Luminal Theater Corp ($63k) and KHS Friends of Music Inc ($63k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 0.4% and program service revenue 81% of the total. At year end it held assets of $13k against liabilities of $1,175, net assets of $12k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.