Pyramid Music Program

Analysis

Pyramid Music Program is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 2006, 20 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 June 2023, Pyramid Music Program reported income of $214k and spending of $215k, spending 101% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $283k to $214k (-24%), an average of -24% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pyramid Music Program sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within TN. Charities of a similar size with the same main cause include Chinese American Arts Council Incorporated ($214k), Flagship Detroit Foundation ($214k) and Burbank Police Foundation ($214k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $121k. At year end it held assets of $252k against liabilities of $11k, net assets of $242k. It reported 5 employees.