Seattle Pro Musica

Analysis

Seattle Pro Musica is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 1976, 50 years ago. 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 August 2023, Seattle Pro Musica reported income of $416k and spending of $413k, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $346k to $416k (+20%), an average of +4.7% a year. The sharpest change came in the year to August 2022, when income rose by 17%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seattle Pro Musica sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within WA. Charities of a similar size with the same main cause include Big Brothers Big Sisters of West Central Ohio Inc ($416k), Elmbrook Education Foundation Inc ($416k) and New Prague Gymnastics Club Inc ($416k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 76% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $160k (39% of expenses). Other salaries and wages came to $65k. At year end it held assets of $286k against liabilities of $6,624, net assets of $280k. It reported 8 employees.