North Olympic Artists Co-Op

Analysis

North Olympic Artists Co-Op is a registered charity in United States, based in Port Townsend, WA. It received its IRS tax-exemption ruling in February 2020, 6 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 December 2023, North Olympic Artists Co-Op reported income of $55k and spending of $51k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $45k to $55k (+24%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Olympic Artists Co-Op sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 16th percentile within WA. Charities of a similar size with the same main cause include Pranam Collaborative Learning Services Inc NFP ($55k), Valley Concert Chorale ($55k) and The Houston Jazz Collective ($55k).

At year end it held assets of $31k against liabilities of $3,528, net assets of $27k.