Sequim Museum & Arts

Analysis

Sequim Museum & Arts is a registered charity in United States, based in Sequim, WA. It received its IRS tax-exemption ruling in December 1992, 34 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 2023, Sequim Museum & Arts reported income of $78k and spending of $100k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $203k to $78k (-61%), an average of -21% a year. The sharpest change came in the year to December 2020, when income dropped by 58%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sequim Museum & Arts sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 26th percentile within WA. Charities of a similar size with the same main cause include Historic Reno Preservation Society ($78k), Knights of St Patrick ($78k) and Malaya Filipino American Dance Arts ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.

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.