San Gennaro Foundation-Seattle

Analysis

San Gennaro Foundation-Seattle is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 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 December 2023, San Gennaro Foundation-Seattle reported income of $76k and spending of $80k, spending 105% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $37k to $76k (+107%), an average of +20% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 157% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Gennaro Foundation-Seattle sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 25th percentile within WA. Charities of a similar size with the same main cause include Valley Youth Orchestra ($76k), Commonwealth Artists Student Theatre Inc ($76k) and Georgetown Art Works ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.