Skagit Symphony

Analysis

Skagit Symphony is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in November 1994, 32 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Skagit Symphony reported income of $278k and spending of $280k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $188k to $278k (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Skagit Symphony sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within WA. Charities of a similar size with the same main cause include Will and Deni McIntyre Foundation ($278k), Red River Merchants Association ($278k) and Wcuw Inc ($278k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $47k (17% of expenses). Other salaries and wages came to $104k. At year end it held assets of $309k against liabilities of $27k, net assets of $282k. It reported 6 employees.