Historical Society of Seattle & King County

Analysis

Historical Society of Seattle & King County is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 1946, 80 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, Historical Society of Seattle & King County reported income of $6.1m and spending of $8.2m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $6.1m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 204%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historical Society of Seattle & King County sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include Two River Theatre Company ($6.1m), International Conference on Machine Learning ($6.1m) and Dixon Gallery and Gardens ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $401k (4.9% of expenses). Other salaries and wages came to $3.0m. It paid $25k in professional fundraising fees. At year end it held assets of $67.7m against liabilities of $434k, net assets of $67.2m. It reported 70 employees.