Seattle Symphony Orchestra Inc

Analysis

Seattle Symphony Orchestra Inc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 1928, 98 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 August 2023, Seattle Symphony Orchestra Inc reported income of $31.3m and spending of $34.4m, spending 110% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $33.4m to $31.3m (-6.5%), an average of -1.7% a year. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seattle Symphony Orchestra Inc 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 Georgia Southern University Research and SVC Foundation Inc ($31.0m), Preservation Society of Newport County ($31.3m) and Simon Wiesenthal Center Inc ($31.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $2.0m (5.8% of expenses). Other salaries and wages came to $17.1m. At year end it held assets of $19.0m against liabilities of $10.0m, net assets of $9.0m. It reported 347 employees.