Northwest Seaport Inc

Analysis

Northwest Seaport Inc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 1964, 62 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, Northwest Seaport Inc reported income of $149k and spending of $144k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $451k to $149k (-67%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 59%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northwest Seaport Inc 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 Chloe and Maud Foundation Inc ($149k), Heritage Community Theatre Inc ($149k) and Azalea City Center for the Arts Inc ($149k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $532k against liabilities of $1,676, net assets of $530k.