Puget Sound Guitar Workshop

Analysis

Puget Sound Guitar Workshop is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in July 1980, 46 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 August 2023, Puget Sound Guitar Workshop reported income of $578k and spending of $515k, spending 89% of its income. Across the 4 years on record, from December 2019 to August 2023, income grew from $431k to $578k (+34%), an average of +10% a year. The sharpest change came in the year to August 2023, when income rose by 1267%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Puget Sound Guitar Workshop sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within WA. Charities of a similar size with the same main cause include About Face Theatre Collective ($578k), Korean Community Center ($578k) and Miami Gay and Lesbian Film Festival Inc ($578k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. At year end it held assets of $326k against liabilities of $12k, net assets of $314k.