Art Salvage EIN 81-1637564 Form 990 (PDF) Claim this org

Art Salvage

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Promote reuse and creativity for students, teachers, artists, crafters, and makers. For fiscal year 2025 it reported $376K in revenue, $291K in expenses, and $300K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Spokane, WA
Website
artsalvagespokane.com
Filings
6 on file (2020–2025)
Revenue
$376KFY2025
Expenses
$291K
Net assets
$300K
People
9
Filings
6
Updates
0
More identity details & actions ⌄
EIN  81-1637564 Public charity (501(c)(3)) Spokane, WA
Form 990 (PDF)
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Size
$100K–1M
What they do
Promote reuse and creativity for students, teachers, artists, crafters, and makers.
Leadership
Katie Patterson Larsen · Executive Dir. · $39K
Money in and out
$376K revenue, $291K expenses
Bottom line
78% program efficiency
Where the money goes · FY2025
Total revenue
$376K
Pt VIII · Ln 12
Total expenses
$291K
Pt IX · Ln 25
Net assets
$300K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $84K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.13 Fundraising $0.09
Program efficiency
78%
of spending reaches programs+0.5% vs prior filing year
Operating runway
13.2mo
months of highly liquid reserves at operating expense rate▲ +7% vs prior filing year
Surplus margin
+22%
revenue over expenses, this year▲ ×15 vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$376K
FY2025▲ +73%
Expenses
$291K
FY2025▲ +32%
Total assets
$320K
FY2025▲ +42%
Total liabilities
$20K
FY2025▲ +98%
Total revenue
$376K
Pt VIII · Ln 12
Total expenses
$291K
Pt IX · Ln 25
Net assets
$300K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$84K
Total assetsPt X · Ln 16$320K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $228K of program spending, described in the organization's own filed words · FY2025.
01

Art Salvage is a nonprofit Creative Reuse Center that supports the circular economy in the Inland Northwest by diverting usable materials from the waste stream and getting materials into the hands of makers.

$228Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CArt Salvage
EINHdr · item D81-1637564
Principal addressHdr · item CSpokane, WA
WebsiteHdr · item Jartsalvagespokane.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P29)
Ruling yearIRS BMFApr 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$39,388Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2020
Katie Patterson Larsen$39,388$33,553
Katie Patterson Larson$28,570
Katie Patterson Larson$20,125

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$323K · 86%
Contributions & grants$52K · 14%
Program service revenue86%$323K
Contributions & grants14%$52K
Investment income$550
Total revenueLn 12$376K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.13 Fundraising $0.09
Program services78%$228K
Management & general13%$38K
Fundraising9%$25K
Total functional expensesLn 25$291K

Balance Sheet

Part X · end of year
CashLn 1$320K
Total assetsLn 16$320K
Total liabilitiesLn 26$20K
Total net assetsLn 32$300K
Months of cash on handcomputed13.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $320K · Operating expenses/yr $291K
13.2 months
Where the money goes
Program services
Program services $228K · Total expenses $291K
78%
Management & General
Management & general $38K · Total expenses $291K
13%
Fundraising
Fundraising $25K · Total expenses $291K
9%
Cost to raise $1
Fundraising expense (2-yr avg) $22K · Solicited contributions (2-yr avg) $43K
$0.51 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $52K · Total revenue $376K
14%
Government reliance
Government grants — · Total revenue $376K
Earned-income share
Program service revenue $323K · Total revenue $376K
86%
Investment reliance
Investment income $550 · Total revenue $376K
+0.1%
Program self-sufficiency
Program service revenue $323K · Total expenses $291K
111%
Growth & trend
Revenue growth (YoY)
This year $376K · Prior year $217K
+73%
Revenue CAGR
FY2020 $64K · FY2025 $376K
+42%
Net-asset trend (YoY)
End of year $300K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $376K · Expenses $291K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $320K
Net-asset ratio
Net assets $300K · Total assets $320K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $320K
0%
People & payroll
Highest Reported Total Compensation
Individual Katie Patterson Larsen · Reported title Executive Dir. · Highest reported compensation $39K · Total expenses $291K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $165K · Total expenses $291K
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 13%
Fundraising cost ratio 49%
Revenue growth 73%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
ArtsfundFY2023$12K
Total grants receivedfrom 2 funders$13K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$376K revenue · viewing · ⤓ 990 PDF
FY2024$217K revenue · ⤓ 990 PDF
FY2023$177K revenue · ⤓ 990 PDF
FY2022$137K revenue · ⤓ 990 PDF
FY2021$98K revenue · ⤓ 990 PDF
FY2020$64K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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