Twelfth Avenue Arts Association

Analysis

Twelfth Avenue Arts Association is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 2015, 11 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, Twelfth Avenue Arts Association reported income of $1.1m and spending of $1.6m, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $581k to $1.1m (+94%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 2977%. Over the whole period it spent 28% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Twelfth Avenue Arts Association sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within WA. Charities of a similar size with the same main cause include Friends of Minidoka Inc ($1.1m), Theatre Horizon ($1.1m) and Society of Vacuum Coaters ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1,920. At year end it held assets of $17.7m against liabilities of $3.5m, net assets of $14.2m.