Seattle Theatre Group

Analysis

Seattle Theatre Group is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 1995, 31 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 August 2023, Seattle Theatre Group reported income of $75.6m and spending of $73.0m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $77.8m to $75.6m (-2.9%), an average of -0.7% a year. The sharpest change came in the year to August 2022, when income rose by 374%. Over the whole period it spent 95% 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 Theatre Group sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Manhattan School of Music ($75.5m), US Civilian Research and Development Foundation ($76.2m) and Milwaukee World Festival Inc ($75.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $3.4m (4.6% of expenses). Other salaries and wages came to $11.9m. At year end it held assets of $75.0m against liabilities of $34.3m, net assets of $40.7m. It reported 693 employees.