Shoreline-Lake Forest Park Arts Council

Analysis

Shoreline-Lake Forest Park Arts Council is a registered charity in United States, based in Shoreline, WA. It received its IRS tax-exemption ruling in April 1991, 35 years ago. 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 December 2023, Shoreline-Lake Forest Park Arts Council reported income of $493k and spending of $598k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $442k to $493k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shoreline-Lake Forest Park Arts Council sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within WA. Charities of a similar size with the same main cause include The Foundation for Muskegon Community College Inc ($493k), University City Arts League Inc ($493k) and Huntsville Volunteer Fire Dept ($493k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $85k (14% of expenses). Other salaries and wages came to $194k. At year end it held assets of $182k against liabilities of $136k, net assets of $46k. It reported 11 employees.