The Residency
Empowers young hip-hop artists with skills and mentorship to become professionals and leaders. For fiscal year 2024 it reported $531K in revenue, $324K in expenses, and $1.1M in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Arts & Culture
- Location
- Seattle, WA
- Website
- www.theresidencyseattle.org
- Filings
- 5 on file (2020–2024)
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Summary of the Filing
Where the work happens
Month long intensive workshop where up to 45 young people (ages 16-24) participate in either a vocal or production track. During the intensive, youth write original songs, record in a professional studio and perform in front of hundreds of people at a premiere seattle venue.
The year-round program includes participating in performances in front of hundreds of people at a premiere seattle venue and a number of engaging panel discussions with leaders in the northwest creative community.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 78% | — | — |
| Overhead ratio | 11% | — | — |
| Fundraising cost ratio | 10% | — | — |
| Revenue growth | -53% | — | — |
| Legal fee ratio | 0.3% | — | — |
| Accounting fee ratio | 2% | — | — |
| Fundraising fee ratio | 4% | — | — |
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.
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Filings & Schedule Manifest
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