Photo Center NW

Analysis

Photo Center NW is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 1993, 33 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Photo Center NW reported income of $1.5m and spending of $1.1m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $879k to $1.5m (+69%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Photo Center NW sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Bay Area Glass Institute Inc ($1.5m), Columbus Childrens Theatre ($1.5m) and Eli Whitney Museum Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $74k (6.9% of expenses). Other salaries and wages came to $514k. It paid $46k in professional fundraising fees. At year end it held assets of $1.9m against liabilities of $433k, net assets of $1.5m. It reported 35 employees.