Chinese Seattle News

Analysis

Chinese Seattle News is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 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 February 2024, Chinese Seattle News reported income of $150k and spending of $149k, spending 100% of its income. Across the 5 years on record, from February 2020 to February 2024, income fell from $647k to $150k (-77%), an average of -31% a year. The sharpest change came in the year to February 2021, when income dropped by 51%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chinese Seattle News sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within WA. Charities of a similar size with the same main cause include African American Heritage Society Museum ($150k), American Crossroads Theatre ($150k) and Tucson Celtics Festival Association Inc ($149k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $36k (24% of expenses). Other salaries and wages came to $14k. At year end it held assets of $48k against liabilities of $29k, net assets of $19k. It reported 4 employees.