Puget Sound Revels

Analysis

Puget Sound Revels is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in January 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 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, Puget Sound Revels reported income of $297k and spending of $257k, spending 87% of its income. Across the 3 years on record, from June 2020 to June 2023, income grew from $234k to $297k (+27%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Puget Sound Revels 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 62nd percentile, and in the 60th percentile within WA. Charities of a similar size with the same main cause include Central District Forum for Arts and Ideas ($297k), Vanport Mosaic ($297k) and American Bookbinders Museum ($297k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $68k (26% of expenses). At year end it held assets of $196k against liabilities of $0, net assets of $196k. It reported 1 employees.