Red Curtain Foundation for the Arts

Analysis

Red Curtain Foundation for the Arts is a registered charity in United States, based in Marysville, WA. It received its IRS tax-exemption ruling in June 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 June 2024, Red Curtain Foundation for the Arts reported income of $159k and spending of $240k, spending 151% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $204k to $159k (-22%), an average of -8.0% a year. The sharpest change came in the year to June 2024, when income dropped by 24%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Red Curtain Foundation for the Arts 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 49th percentile, and in the 45th percentile within WA. Charities of a similar size with the same main cause include Young Chamber Musicians Inc ($159k), Paul Brunton Philosophic Foundation Inc ($159k) and Lewis County Historical Society ($159k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 25% and program service revenue 73% of the total. At year end it held assets of $129k against liabilities of $46k, net assets of $83k.