Washington State Arts Alliance Foundation

Analysis

Washington State Arts Alliance Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 1977, 49 years ago. 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, Washington State Arts Alliance Foundation reported income of $469k and spending of $463k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $389k to $469k (+21%), an average of +6.5% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Washington State Arts Alliance Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within WA. Charities of a similar size with the same main cause include Northern Lakes Economic Alliance ($469k), Mississippi County Transit System Inc ($469k) and Winnipesaukee Skating Club Inc ($469k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $157k (34% of expenses). Other salaries and wages came to $91k. At year end it held assets of $92k against liabilities of $8,860, net assets of $83k. It reported 3 employees.