Old Songs Inc

Analysis

Old Songs Inc is a registered charity in United States, based in Voorheesville, NY. It received its IRS tax-exemption ruling in November 1977, 49 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 July 2023, Old Songs Inc reported income of $459k and spending of $357k, leaving 22% of income unspent that year. Across the 5 years on record, from February 2020 to July 2023, income grew from $353k to $459k (+30%), an average of +6.8% a year. The sharpest change came in the year to July 2021, when income rose by 411%. 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, Old Songs Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Savannah Science Museum Inc ($459k), Parent-Child Relationship Association Inc ($460k) and Lincoln County Community Theater and Orchestra ($459k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 37% and program service revenue 52% of the total. Other salaries and wages came to $86k. At year end it held assets of $427k against liabilities of $53k, net assets of $374k. It reported 8 employees.