Mode Music and Performing Arts

Analysis

Mode Music and Performing Arts is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 2020, 6 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, Mode Music and Performing Arts reported income of $218k and spending of $255k, spending 117% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $29k to $218k (+653%), an average of +96% a year. The sharpest change came in the year to December 2022, when income rose by 620%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mode Music and Performing Arts sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within WA. Charities of a similar size with the same main cause include Macir Inc ($218k), Westville Village Renaissance Alliance ($218k) and 4 Circle Beyond Inc ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $25k (9.8% of expenses). Other salaries and wages came to $136k. At year end it held assets of $23k against liabilities of $58k, net assets of -$35k. It reported 26 employees.