Classical 98 1

Analysis

Classical 98 1 is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 2011, 15 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, Classical 98 1 reported income of $5.1m and spending of $5.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.0m to $5.1m (-36%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Classical 98 1 sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Cooperatives for a Better World ($5.1m), Open Campus Media Inc ($5.2m) and Queens Public Communications Corporation ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $222k (4.2% of expenses). Other salaries and wages came to $2.1m. It paid $126k in professional fundraising fees. At year end it held assets of $10.6m against liabilities of $2.2m, net assets of $8.4m. It reported 27 employees.