Fremont Arts Council

Analysis

Fremont Arts Council is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in December 1997, 29 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 December 2023, Fremont Arts Council reported income of $130k and spending of $108k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $115k to $130k (+13%), an average of +13% a year. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fremont Arts Council sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within WA. Charities of a similar size with the same main cause include Friends of the Performing Arts Center Inc ($130k), Rowlett High School Band Boosters ($130k) and St Louis Irish Arts ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 10% of the total. At year end it held assets of $154k against liabilities of $0, net assets of $154k.