Corning - Painted Post Civic Music Asssociation

Analysis

Corning - Painted Post Civic Music Asssociation is a registered charity in United States, based in Corning, NY. It received its IRS tax-exemption ruling in February 1965, 61 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 2024, Corning - Painted Post Civic Music Asssociation reported income of $184k and spending of $135k, leaving 27% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $183k to $184k (+1.0%), an average of +1.0% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Corning - Painted Post Civic Music Asssociation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Folk School of Fayetteville Inc ($184k), Insight Productions Inc ($184k) and Stage 212 Incorporated ($184k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $199k against liabilities of $120, net assets of $199k.