Cascade Music Foundation

Analysis

Cascade Music Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cascade Music Foundation reported income of $353k and spending of $378k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $313k to $353k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cascade Music Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within WA. Charities of a similar size with the same main cause include Dream Orchestra Inc ($353k), Blavity Org Foundation Inc ($353k) and World Music Productions Inc ($353k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $13k against liabilities of $40k, net assets of -$26k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.