Seattle Young Artists Music Festival Association

Analysis

Seattle Young Artists Music Festival Association is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 1973, 53 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 June 2023, Seattle Young Artists Music Festival Association reported income of $158k and spending of $97k, leaving 39% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $127k to $158k (+25%), an average of +7.6% a year. The sharpest change came in the year to June 2022, when income rose by 65%. Over the whole period it spent 41% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seattle Young Artists Music Festival Association sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within WA. Charities of a similar size with the same main cause include Becket Arts Center of the Hilltowns ($158k), Maine Jewish Film Festival ($158k) and Cahiers D Art Institute ($158k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $485k against liabilities of $0, net assets of $485k.