The Seattle Academy of Arts and Sciences

Analysis

The Seattle Academy of Arts and Sciences is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Seattle Academy of Arts and Sciences reported income of $63.5m and spending of $56.9m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $41.3m to $63.5m (+54%), an average of +11% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Seattle Academy of Arts and Sciences sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Manchester University Inc ($63.4m), Simpson College ($63.6m) and University of Vermont and State Agricultural College Foundation ($63.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $2.1m (3.7% of expenses). Other salaries and wages came to $20.7m. It paid $219k in professional fundraising fees. At year end it held assets of $164.8m against liabilities of $53.1m, net assets of $111.6m. It reported 348 employees.