Piece by Piece

Analysis

Piece by Piece is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2008, 18 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, Piece by Piece reported income of $880k and spending of $982k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $375k to $880k (+135%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Piece by Piece sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Maysles Institute Inc ($879k), International Folk Art Foundation ($880k) and Open Hearts Art Center ($879k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $132k (13% of expenses). Other salaries and wages came to $250k. It paid $21k in professional fundraising fees. At year end it held assets of $371k against liabilities of $9,238, net assets of $361k. It reported 10 employees.