American Harp Society Inc

Analysis

American Harp Society Inc is a registered charity in United States, based in Granby, MA. It received its IRS tax-exemption ruling in April 1977, 49 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, American Harp Society Inc reported income of $254k and spending of $363k, spending 143% of what it took in. Across the 4 years on record, from August 2019 to June 2023, income fell from $320k to $254k (-21%), an average of -7.4% a year. The sharpest change came in the year to June 2021, when income dropped by 26%. Over the whole period it spent 126% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Harp Society Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Dreams of Hope ($254k), Marat Daukayev Ballet Theatre Inc ($254k) and Players Ring Company ($254k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $107k (29% of expenses). At year end it held assets of $652k against liabilities of $26k, net assets of $627k. It reported 1 employees.