Historic Downtown Snohomish

Analysis

Historic Downtown Snohomish is a registered charity in United States, based in Snohomish, WA. It received its IRS tax-exemption ruling in January 2006, 20 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, Historic Downtown Snohomish reported income of $262k and spending of $228k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $149k to $262k (+76%), an average of +76% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Downtown Snohomish sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within WA. Charities of a similar size with the same main cause include Rockport Cultural Arts District ($262k), Veterans Museum Miami Valley ($262k) and Lyra ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 50% of the total. Other salaries and wages came to $74k. At year end it held assets of $126k against liabilities of $57k, net assets of $69k. It reported 1 employees.