Celtic Arts Foundation

Analysis

Celtic Arts Foundation is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in February 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Celtic Arts Foundation reported income of $883k and spending of $992k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $831k to $883k (+6.3%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Celtic Arts Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within WA. Charities of a similar size with the same main cause include United Arts Council of Catawba County ($883k), Rosie the Riveter TR ($884k) and The Belmont Theatre ($883k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $93k (9.4% of expenses). Other salaries and wages came to $97k. At year end it held assets of $3.5m against liabilities of $22k, net assets of $3.4m. It reported 5 employees.