Steinway Society of Central Floridainc

Analysis

Steinway Society of Central Floridainc is a registered charity in United States, based in Altamonte Springs, FL. It received its IRS tax-exemption ruling in April 2007, 19 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 2022, Steinway Society of Central Floridainc reported income of $248k and spending of $156k, leaving 37% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $167k to $248k (+48%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Steinway Society of Central Floridainc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Western Wind Vocal Ensemble Inc ($248k), Bower Center for the Arts ($248k) and Historic Rock Hill C/O Susan Lyle ($248k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $374k against liabilities of $20k, net assets of $354k.