Washington Renaissance Arts & Education Society

Analysis

Washington Renaissance Arts & Education Society is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in April 2008, 18 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, Washington Renaissance Arts & Education Society reported income of $4.0m and spending of $4.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $4.0m (+218%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 5713%. 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, Washington Renaissance Arts & Education Society sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include New Britain Museum of American Art Inc ($4.0m), Dallas Childrens Theater Inc ($4.0m) and Michigan Theatre of Jackson Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $213k (5.2% of expenses). Other salaries and wages came to $173k. At year end it held assets of $2.2m against liabilities of $81k, net assets of $2.1m. It reported 4 employees.