Seattle Piano Institute

Analysis

Seattle Piano Institute is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 2014, 12 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, Seattle Piano Institute reported income of $135k and spending of $38k, leaving 72% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $23k to $135k (+483%), an average of +483% a year. The sharpest change came in the year to December 2023, when income rose by 483%. Over the whole period it spent 42% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seattle Piano Institute sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 41st percentile within WA. Charities of a similar size with the same main cause include Arts Roc Inc ($135k), Roaring Fork Music Society Inc ($135k) and Topsfield Historical Society ($135k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $6,000 (16% of expenses). At year end it held assets of $237k against liabilities of $0, net assets of $237k.