Pacific Shellfish Institute

Analysis

Pacific Shellfish Institute is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover science and technology, 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 August 2023, Pacific Shellfish Institute reported income of $1.1m and spending of $1.1m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $763k to $1.1m (+43%), an average of +9.3% a year. The sharpest change came in the year to August 2021, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pacific Shellfish Institute sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WA. Charities of a similar size with the same main cause include Fresh Meat Productions ($1.1m), Sepm Society for Sedimentary Geology ($1.1m) and Oz Museum-Columbian Theatre Foundation Inc ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $99k (9.3% of expenses). Other salaries and wages came to $382k. At year end it held assets of $323k against liabilities of $202k, net assets of $121k. It reported 16 employees.