Frances Clark Center for Keyboard Pedagogy

Analysis

Frances Clark Center for Keyboard Pedagogy is a registered charity in United States, based in Kingston, NJ. It received its IRS tax-exemption ruling in August 1968, 58 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2022, Frances Clark Center for Keyboard Pedagogy reported income of $1.3m and spending of $1.4m, spending 111% of what it took in. Across the 4 years on record, from August 2019 to August 2022, income fell from $1.4m to $1.3m (-8.3%), an average of -2.9% a year. The sharpest change came in the year to August 2020, when income rose by 24%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Frances Clark Center for Keyboard Pedagogy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Marfa Public Radio Corporation ($1.2m), Aci Center of Excellence for Carbon Neutral Concrete ($1.3m) and American College of Musicians ($1.2m).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 9.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $228k (16% of expenses). Other salaries and wages came to $713k. At year end it held assets of $1.8m against liabilities of $91k, net assets of $1.7m. It reported 25 employees.