Pandit Jasraj School of Music Foundation

Analysis

Pandit Jasraj School of Music Foundation is a registered charity in United States, based in Colonia, NJ. It received its IRS tax-exemption ruling in February 2002, 24 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 December 2023, Pandit Jasraj School of Music Foundation reported income of $107k and spending of $111k, spending 104% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $221k to $107k (-52%), an average of -30% a year. The sharpest change came in the year to December 2022, when income dropped by 44%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pandit Jasraj School of Music Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include Main Street Latin Festival ($107k), Ad German Warehouse Conservancy Inc ($107k) and Arts & Crafts Association of Meriden Inc ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $144k against liabilities of $0, net assets of $144k.