Common Tone Arts

Analysis

Common Tone Arts is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 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, Common Tone Arts reported income of $70k and spending of $103k, spending 146% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $75k to $70k (-6.2%), an average of -6.2% a year. Over the whole period it spent 129% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Common Tone Arts sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 23rd percentile within WA. Charities of a similar size with the same main cause include Elmhurst Memorial League Inc ($70k), Symphony Parnassus ($70k) and Historic Palmyra Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. At year end it held assets of $34k against liabilities of $2,093, net assets of $32k.