Seattle Chamber Music Festival

Analysis

Seattle Chamber Music Festival is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 1982, 44 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 September 2023, Seattle Chamber Music Festival reported income of $2.3m and spending of $2.3m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.1m to $2.3m (-25%), an average of -7.1% a year. The sharpest change came in the year to September 2020, when income dropped by 52%. Over the whole period it spent 83% 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 Chamber Music Festival sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include The Sandra Feinstein-Gamm Theatre ($2.3m), Cat Cay Restoration and Preservation Foundation Inc ($2.3m) and Mississippi Center for Cultural Production ($2.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 70% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $176k (7.6% of expenses). Other salaries and wages came to $432k. It paid $26k in professional fundraising fees. At year end it held assets of $4.6m against liabilities of $1.9m, net assets of $2.8m. It reported 16 employees.