Sequim Community Broadcasting

Analysis

Sequim Community Broadcasting is a registered charity in United States, based in Sequim, WA. It received its IRS tax-exemption ruling in April 2008, 18 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sequim Community Broadcasting reported income of $207k and spending of $227k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $202k to $207k (+2.8%), an average of +1.4% a year. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sequim Community Broadcasting sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within WA. Charities of a similar size with the same main cause include Center for Technology Integrity ($207k), Lucky Plush Productions ($207k) and Warner House Association ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $52k (23% of expenses). Other salaries and wages came to $9,280. At year end it held assets of $490k against liabilities of $209k, net assets of $281k. It reported 1 employees.

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.