Seattle Center Foundation

Analysis

Seattle Center Foundation 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, Seattle Center Foundation reported income of $1.9m and spending of $1.5m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.9m (+48%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 73% 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 Center Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include Company Theatre Inc ($1.9m), Pickford Film Center ($1.9m) and Dallas Theater Center Endowment Fund ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $198k (13% of expenses). Other salaries and wages came to $341k. At year end it held assets of $3.5m against liabilities of $15k, net assets of $3.4m. It reported 5 employees.