Cultureseed

Analysis

Cultureseed is a registered charity in United States, based in White Salmon, WA. It received its IRS tax-exemption ruling in December 2015, 11 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, Cultureseed reported income of $996k and spending of $671k, leaving 33% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $262k to $996k (+280%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultureseed sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WA. Charities of a similar size with the same main cause include Westchester Childrens Museum ($996k), Northwest Choirs ($996k) and El Sistema USA Salinas Inc ($995k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $120k (18% of expenses). Other salaries and wages came to $343k. At year end it held assets of $691k against liabilities of $5,747, net assets of $685k. It reported 16 employees.