Friends of the Kotzschmar Organ Inc

Analysis

Friends of the Kotzschmar Organ Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in February 1982, 44 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 June 2023, Friends of the Kotzschmar Organ Inc reported income of $265k and spending of $345k, spending 130% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $199k to $265k (+33%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Kotzschmar Organ Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 53rd percentile within ME. Charities of a similar size with the same main cause include Founding President Syngman Rhee Society ($265k), Academy of Music Outreach ($265k) and Girls Rock Des Moines ($265k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $56k (16% of expenses). Other salaries and wages came to $40k. At year end it held assets of $1.0m against liabilities of $23k, net assets of $1.0m. It reported 2 employees.