Theatre Puget Sound

Analysis

Theatre Puget Sound is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 1999, 27 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 December 2023, Theatre Puget Sound reported income of $337k and spending of $487k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $543k to $337k (-38%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre Puget Sound sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include Fontana Chamber Arts ($337k), Rome Chamber Music Festival at Villa Aurelia Inc ($337k) and New Orleans Theatre Association Inc ($337k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $80k (16% of expenses). Other salaries and wages came to $137k. It paid $14k in professional fundraising fees. At year end it held assets of $209k against liabilities of $170k, net assets of $39k. It reported 8 employees.