Seattle Institute of East Asian Medicine

Analysis

Seattle Institute of East Asian Medicine is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Seattle Institute of East Asian Medicine reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $111k to $1.1m (+905%), an average of +116% a year. The sharpest change came in the year to August 2021, when income rose by 664%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seattle Institute of East Asian Medicine sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WA. Charities of a similar size with the same main cause include Ucp San Diego ($1.1m), Oil Region Library Association ($1.1m) and Journalistic Learning Initiative ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $68k (6.0% of expenses). Other salaries and wages came to $517k. At year end it held assets of $3.2m against liabilities of $2.6m, net assets of $550k. It reported 56 employees.