Seattle Arts and Lectures Inc

Analysis

Seattle Arts and Lectures Inc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 1992, 34 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, Seattle Arts and Lectures Inc reported income of $2.8m and spending of $2.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $2.8m (+7.4%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 17%. 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, Seattle Arts and Lectures Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Friends of Garfield Park Inc ($2.8m), Goldbelt Heritage Foundation ($2.8m) and Bay Area Disruptor and Startup Support Labs ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $176k (6.3% of expenses). Other salaries and wages came to $692k. It paid $36k in professional fundraising fees. At year end it held assets of $2.8m against liabilities of $407k, net assets of $2.4m. It reported 17 employees.