Icicle Creek Center of the Arts

Analysis

Icicle Creek Center of the Arts is a registered charity in United States, based in Leavenworth, WA. It received its IRS tax-exemption ruling in January 2002, 24 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 December 2023, Icicle Creek Center of the Arts reported income of $1.9m and spending of $1.1m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $796k to $1.9m (+140%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Icicle Creek Center of the Arts sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include The Chance Theater ($1.9m), Hollywood Historic Trust ($1.9m) and American Mural Project Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $98k (9.0% of expenses). Other salaries and wages came to $228k. At year end it held assets of $1.7m against liabilities of $127k, net assets of $1.5m. It reported 11 employees.