Emerald City Music

Analysis

Emerald City Music is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Emerald City Music reported income of $430k and spending of $468k, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $249k to $430k (+72%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 65%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Emerald City Music sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within WA. Charities of a similar size with the same main cause include Puppet Co ($430k), Cat Association ($430k) and Japanfest Inc ($430k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $128k (27% of expenses). Other salaries and wages came to $139k. At year end it held assets of $39k against liabilities of $0, net assets of $39k.