Lake Washington Symphony Orchestra

Analysis

Lake Washington Symphony Orchestra is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 2013, 13 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 June 2023, Lake Washington Symphony Orchestra reported income of $172k and spending of $296k, spending 172% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income fell from $1.1m to $172k (-85%), an average of -61% a year. The sharpest change came in the year to June 2023, when income rose by 152%. Over the whole period it spent 34% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake Washington Symphony Orchestra sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within WA. Charities of a similar size with the same main cause include Historic Arkansas Museum Foundation Inc ($172k), Art Community Builders ($172k) and Historic Royal Palaces Inc ($172k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $60k (20% of expenses). Other salaries and wages came to $12k. At year end it held assets of $833k against liabilities of $17k, net assets of $816k. It reported 2 employees.