Pacific Northwest School of Music

Analysis

Pacific Northwest School of Music is a registered charity in United States, based in Shoreline, WA. It received its IRS tax-exemption ruling in January 1978, 48 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pacific Northwest School of Music reported income of $463k and spending of $505k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $665k to $463k (-30%), an average of -8.6% a year. The sharpest change came in the year to June 2022, when income dropped by 33%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pacific Northwest School of Music 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 Texas Girls Choir Inc ($463k), Silver Beach Carousel Society Inc ($464k) and American Federation for Medical Research ($463k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $117k (23% of expenses). Other salaries and wages came to $245k. At year end it held assets of $188k against liabilities of $39k, net assets of $149k. It reported 10 employees.