Puget Sound Sage

Analysis

Puget Sound Sage is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover social science, 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, Puget Sound Sage reported income of $980k and spending of $1.5m, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $980k (-65%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 59%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Puget Sound Sage 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 Pabst Mansion Inc ($979k), Creative Cauldron Inc ($980k) and The Organization for Transformative Works Inc ($979k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $794k. At year end it held assets of $2.0m against liabilities of $228k, net assets of $1.7m. It reported 19 employees.