Excellence Initiative

Analysis

Excellence Initiative is a registered charity in United States, based in Redmond, WA. It received its IRS tax-exemption ruling in September 2018, 8 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Excellence Initiative reported income of $31.5m and spending of $245k, leaving 99% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $5.4m to $31.5m (+484%), an average of +80% a year. The sharpest change came in the year to December 2022, when income rose by 237%. Over the whole period it spent 1.2% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Excellence Initiative sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Preservation Society of Newport County ($31.3m), African Population Health & Research Center Inc ($31.6m) and Seattle Symphony Orchestra Inc ($31.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. At year end it held assets of $53.6m against liabilities of $0, net assets of $53.6m.