Whidbey Institute

Analysis

Whidbey Institute is a registered charity in United States, based in Clinton, WA. It received its IRS tax-exemption ruling in June 1997, 29 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, Whidbey Institute reported income of $1.3m and spending of $1.5m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.3m (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Whidbey Institute sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WA. Charities of a similar size with the same main cause include Wyoming Humanities Council ($1.3m), Portsmouth Music and Arts Center Inc ($1.3m) and Walla Walla Symphony Society Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $151k (9.8% of expenses). Other salaries and wages came to $436k. At year end it held assets of $4.9m against liabilities of $401k, net assets of $4.5m. It reported 29 employees.