Southwest Seattle Historical Society

Analysis

Southwest Seattle Historical Society is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 1985, 41 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, Southwest Seattle Historical Society reported income of $114k and spending of $148k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $118k to $114k (-2.9%), an average of -0.7% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southwest Seattle Historical Society sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 36th percentile within WA. Charities of a similar size with the same main cause include Westside Business Association ($114k), Alexandria Singers ($114k) and Spectrum in Motion Dance Theater Ensemble Inc ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $54k (37% of expenses). Other salaries and wages came to $11k. At year end it held assets of $978k against liabilities of $3,410, net assets of $975k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.