Edmonds Center for the Arts

Analysis

Edmonds Center for the Arts is a registered charity in United States, based in Edmonds, WA. It received its IRS tax-exemption ruling in June 2004, 22 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, Edmonds Center for the Arts reported income of $1.3m and spending of $1.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.3m (-3.6%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income dropped by 28%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Edmonds Center for the Arts sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WA. Charities of a similar size with the same main cause include Encore Stage & Studio Inc ($1.3m), Pensacola Lighthouse Association Inc ($1.3m) and Tacoma Art Museum Tacoma Wa ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 14% of the total. At year end it held assets of $463k against liabilities of $152k, net assets of $311k.