Seward Park Art Studio

Analysis

Seward Park Art Studio is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 1991, 35 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Seward Park Art Studio reported income of $548k and spending of $494k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $427k to $548k (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 96%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seward Park Art Studio sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within WA. Charities of a similar size with the same main cause include Main Street Theatre Dance Alliance ($547k), Indian River Symphonic Association Inc ($548k) and Academy Theatre Foundation ($547k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $135k (27% of expenses). Other salaries and wages came to $167k. At year end it held assets of $479k against liabilities of $2,660, net assets of $476k. It reported 3 employees.