Seattle Philharmonic Orchestra

Analysis

Seattle Philharmonic Orchestra is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 2019, 7 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 August 2024, Seattle Philharmonic Orchestra reported income of $88k and spending of $93k, spending 106% of what it took in. Across the 3 years on record, from August 2022 to August 2024, income grew from $78k to $88k (+13%), an average of +6.3% a year. The sharpest change came in the year to August 2024, when income rose by 17%. Over the whole period it spent 126% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seattle Philharmonic Orchestra sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 29th percentile within WA. Charities of a similar size with the same main cause include Dan and Rose McNeil Foundation Inc ($88k), Friends of the Museum WH Over Museum ($88k) and Federalsburg Historical Society Inc ($88k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $29k against liabilities of $15k, net assets of $14k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.