Swedish Cultural Center Inc

Analysis

Swedish Cultural Center Inc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 2000, 26 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, Swedish Cultural Center Inc reported income of $872k and spending of $898k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $967k to $872k (-9.8%), an average of -2.6% a year. The sharpest change came in the year to December 2020, when income rose by 182%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Swedish Cultural Center Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within WA. Charities of a similar size with the same main cause include American Youth Philharmonic Orchestras ($872k), California Biotechnology Foundation ($873k) and Ramona Bowl Amphitheatre ($872k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $102k (11% of expenses). At year end it held assets of $7.4m against liabilities of $2.9m, net assets of $4.5m. It reported 49 employees.