Princeton Pro Musica

Analysis

Princeton Pro Musica is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in May 1982, 44 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 June 2023, Princeton Pro Musica reported income of $320k and spending of $373k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $274k to $320k (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2022, when income rose by 88%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Princeton Pro Musica sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Plaza Theatre Association ($320k), Rialto Square Theatre Foundation ($320k) and Ohio Glass Museum ($320k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 31% of the total. Other salaries and wages came to $96k. At year end it held assets of $578k against liabilities of $25k, net assets of $552k. It reported 3 employees.