Cultureworks Ltd

Analysis

Cultureworks Ltd is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 1994, 32 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, Cultureworks Ltd reported income of $154k and spending of $162k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $257k to $154k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultureworks Ltd sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 44th percentile within WA. Charities of a similar size with the same main cause include Am Yisrael Chai ($154k), Con Brio Choral Society Inc ($154k) and The Ubc 1871 Foundation ($154k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.