Perlman Music Program Inc

Analysis

Perlman Music Program Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1995, 31 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 January 2023, Perlman Music Program Inc reported income of $603k and spending of $783k, spending 130% of what it took in. Across the 5 years on record, from September 2019 to January 2023, income fell from $3.1m to $603k (-81%), an average of -34% a year. The sharpest change came in the year to January 2023, when income dropped by 88%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Perlman Music Program Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Bay Area Creative Foundation ($602k), Opera Modesto Inc ($603k) and Cafa Third Horizon Inc ($602k).

On its Form 990 for the period ending January 2023, revenue came from contributions and grants 66% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $70k (8.9% of expenses). Other salaries and wages came to $268k. At year end it held assets of $15.3m against liabilities of $199k, net assets of $15.1m. It reported 51 employees.