Cascade Public Media

Analysis

Cascade Public Media is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 1983, 43 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 June 2023, Cascade Public Media reported income of $38.6m and spending of $26.8m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.7m to $38.6m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cascade Public Media sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Open Technology Fund ($38.0m), Jserra Catholic High School ($38.6m) and Alzheimers Drug Discovery Foundation ($37.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $1.2m (4.5% of expenses). Other salaries and wages came to $9.5m. It paid $907k in professional fundraising fees. At year end it held assets of $108.3m against liabilities of $25.3m, net assets of $83.0m. It reported 182 employees.