Seattle Symphony Foundation

Analysis

Seattle Symphony Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 1987, 39 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Seattle Symphony Foundation reported income of $7.6m and spending of $2.0m, leaving 74% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.3m to $7.6m (+466%), an average of +54% a year. The sharpest change came in the year to August 2020, when income rose by 123%. Over the whole period it spent 56% 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 Symphony Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Brooklyn Childrens Museum Corp ($7.5m), Eastern State Penitentiary Historic Site Inc ($7.6m) and River Place ($7.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 26% of the total. Other salaries and wages came to $150k. At year end it held assets of $43.4m against liabilities of $174k, net assets of $43.3m.