Pacific Northwest Quilt and Fiber Arts Museum

Analysis

Pacific Northwest Quilt and Fiber Arts Museum is a registered charity in United States, based in LA Conner, WA. It received its IRS tax-exemption ruling in October 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 2022, Pacific Northwest Quilt and Fiber Arts Museum reported income of $367k and spending of $349k, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $834k to $367k (-56%), an average of -24% a year. The sharpest change came in the year to December 2021, when income rose by 264%. Over the whole period it spent 65% 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 Quilt and Fiber Arts Museum sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within WA. Charities of a similar size with the same main cause include East Brother Light Station Inc ($367k), Walton Band Parents Association Inc ($367k) and Lake Champlain Chamber Music Festival ($367k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 61% and program service revenue 21% of the total. Other salaries and wages came to $125k. At year end it held assets of $981k against liabilities of $44k, net assets of $937k. It reported 8 employees.