Kirkland Arts Center

Analysis

Kirkland Arts Center is a registered charity in United States, based in Kirkland, WA. It received its IRS tax-exemption ruling in January 1965, 61 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 June 2023, Kirkland Arts Center reported income of $989k and spending of $1.2m, spending 120% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $901k to $989k (+9.8%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kirkland Arts Center sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WA. Charities of a similar size with the same main cause include Georgiafirst Robotics Inc ($989k), Theatre of the Republic Inc ($990k) and South Bend Museum of Art Inc ($989k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $267k (23% of expenses). Other salaries and wages came to $176k. At year end it held assets of $541k against liabilities of $316k, net assets of $225k. It reported 17 employees.