Freestyle Percussion Foundation Inc

Analysis

Freestyle Percussion Foundation Inc is a registered charity in United States, based in Center Point, AL. It received its IRS tax-exemption ruling in September 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 December 2023, Freestyle Percussion Foundation Inc reported income of $136k and spending of $135k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $564k to $136k (-76%), an average of -76% a year. The sharpest change came in the year to December 2023, when income dropped by 76%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Freestyle Percussion Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within AL. Charities of a similar size with the same main cause include Childrens Musical Theatre Workshop Inc ($136k), Cedarburg Music Festivals ($136k) and British Architectural Library Trust Inc ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 50% of the total. At year end it held assets of $47k against liabilities of $21k, net assets of $26k.