Steamer Virginia V Foundation Inc

Analysis

Steamer Virginia V Foundation Inc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 1977, 49 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, Steamer Virginia V Foundation Inc reported income of $460k and spending of $537k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $406k to $460k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 211%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Steamer Virginia V Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within WA. Charities of a similar size with the same main cause include Spirit of Flight Foundation ($460k), River Raisin Watershed Council ($460k) and Mount Zion Baptist Church Preservation Society ($460k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $73k (14% of expenses). Other salaries and wages came to $64k. At year end it held assets of $2.4m against liabilities of $254k, net assets of $2.1m. It reported 11 employees.