Avalon String Band Inc

Analysis

Avalon String Band Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 2021, 5 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 January 2023, Avalon String Band Inc reported income of $205k and spending of $230k, spending 112% of what it took in. Across the 6 years on record, from January 2018 to January 2023, income grew from $155k to $205k (+32%), an average of +5.7% a year. The sharpest change came in the year to January 2023, when income rose by 49%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Avalon String Band Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within PA. Charities of a similar size with the same main cause include Allens Community Theatre ($205k), Vicksburg Civil War Museum Inc ($205k) and El Ingenio Inc ($205k).

On its Form 990 for the period ending January 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. At year end it held assets of $257k against liabilities of $323k, net assets of -$66k.