Concert Artists Guild Inc

Analysis

Concert Artists Guild Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1959, 67 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Concert Artists Guild Inc reported income of $2.2m and spending of $2.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.2m (+72%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 77%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Concert Artists Guild Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Lions Automobilia Foundation ($2.2m), The George Washington Foundation ($2.2m) and Talcott Mountain Science Center for Student Involvement Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $130k (5.9% of expenses). Other salaries and wages came to $313k. At year end it held assets of $671k against liabilities of $90k, net assets of $581k. It reported 12 employees.