Arts Foundation Federal Way

Analysis

Arts Foundation Federal Way is a registered charity in United States, based in Federal Way, WA. It received its IRS tax-exemption ruling in September 1993, 33 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, Arts Foundation Federal Way reported income of $316k and spending of $28k, leaving 91% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $316k (+295%), an average of +295% a year. The sharpest change came in the year to December 2023, when income rose by 295%. Over the whole period it spent 9.0% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Foundation Federal Way sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within WA. Charities of a similar size with the same main cause include Drag Queen Story Hour NYC Ltd ($316k), Archaeology in the Community ($316k) and Willows Park Preserve ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.0% of the total. At year end it held assets of $416k against liabilities of $0, net assets of $416k.