Ping Providing Instruments for Thenext Generation

Analysis

Ping Providing Instruments for Thenext Generation is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in February 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 June 2024, Ping Providing Instruments for Thenext Generation reported income of $116k and spending of $97k, spending 83% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $93k to $116k (+25%), an average of +12% a year. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ping Providing Instruments for Thenext Generation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within IL. Charities of a similar size with the same main cause include Korean American Music Supporters Association USA Inc ($116k), Travelers Rest Preservation and Heritage Association ($116k) and Artstarts Company ($116k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 3.2% of the total. At year end it held assets of $198k against liabilities of $0, net assets of $198k.