Pacific Northwest Ballet Foundation

Analysis

Pacific Northwest Ballet Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pacific Northwest Ballet Foundation reported income of $2.8m and spending of $1.1m, leaving 60% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.8m (+50%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 39% 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 Northwest Ballet Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Maine Maritime Museum ($2.8m), Arts Club of Chicago ($2.8m) and South Carolina State Museum Foundation ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $27.0m against liabilities of $0, net assets of $27.0m.