Aqua String Band New Years Associations Inc

Analysis

Aqua String Band New Years Associations Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 2019, 7 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, Aqua String Band New Years Associations Inc reported income of $163k and spending of $161k, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $110k to $163k (+47%), an average of +48% a year. The sharpest change came in the year to June 2023, when income rose by 47%. 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, Aqua String Band New Years Associations Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within PA. Charities of a similar size with the same main cause include Ensemble Mise-En Inc ($163k), Corona Heritage Foundation ($163k) and Stevens County Historical Society ($163k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 7.5% and program service revenue 72% of the total. At year end it held assets of $180k against liabilities of $60k, net assets of $120k.