Seattle Athenaeum

Analysis

Seattle Athenaeum is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Seattle Athenaeum reported income of $366k and spending of $253k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $222k to $366k (+65%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seattle Athenaeum sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within WA. Charities of a similar size with the same main cause include Sigma Lambda Beta Education Foundation Inc ($366k), Mindcatcher ($366k) and Arts Academy Charter Middle School Foundation ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $73k (29% of expenses). Other salaries and wages came to $86k. It paid $600 in professional fundraising fees. At year end it held assets of $168k against liabilities of $62k, net assets of $106k. It reported 3 employees.