Port Townsend School of the Arts

Analysis

Port Townsend School of the Arts is a registered charity in United States, based in Port Townsend, WA. It received its IRS tax-exemption ruling in July 2016, 10 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, Port Townsend School of the Arts reported income of $578k and spending of $1.0m, spending 179% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $541k to $578k (+6.8%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Port Townsend School of the Arts sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within WA. Charities of a similar size with the same main cause include Society for Ethnomusicology Inc Office of Secretary Dept of Music ($577k), Kingdom County Productions ($578k) and Patchogue Arts Council Inc ($577k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $95k (9.2% of expenses). Other salaries and wages came to $391k. It paid $3,750 in professional fundraising fees. At year end it held assets of $578k against liabilities of $24k, net assets of $555k. It reported 12 employees.