Seattle International Piano Festival

Analysis

Seattle International Piano Festival is a registered charity in United States, based in Issaquah, WA. It received its IRS tax-exemption ruling in March 2010, 16 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, Seattle International Piano Festival reported income of $101k and spending of $109k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $126k to $101k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 78% 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 International Piano Festival sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 33rd percentile within WA. Charities of a similar size with the same main cause include Lake Houston Musical Arts Society Inc ($101k), MDSC Society of Sons of American Revolution ($101k) and Portland Jazz Composers Ensemble ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.