South Seattle Emerald

Analysis

South Seattle Emerald is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 2018, 8 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, South Seattle Emerald reported income of $890k and spending of $798k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $80k to $890k (+1006%), an average of +82% a year. The sharpest change came in the year to December 2020, when income rose by 321%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Seattle Emerald sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within WA. Charities of a similar size with the same main cause include So Percussion Inc ($890k), Beyond Booking Inc ($890k) and Historic 25th Street Foundation ($890k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $85k (11% of expenses). At year end it held assets of $494k against liabilities of $1,030, net assets of $493k. It reported 2 employees.