Philadelphia Classical Guitar Society Inc

Analysis

Philadelphia Classical Guitar Society Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 1967, 59 years ago. 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 2024, Philadelphia Classical Guitar Society Inc reported income of $74k and spending of $62k, spending 84% of its income. Across the 2 years on record, from August 2023 to August 2024, income fell from $77k to $74k (-3.7%), an average of -3.7% a year. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philadelphia Classical Guitar Society Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within PA. Charities of a similar size with the same main cause include Camp Wellville Inc ($74k), California Pilots Association ($74k) and Community United Pantry ($74k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 36% and program service revenue 47% of the total. At year end it held assets of $126k against liabilities of $0, net assets of $126k.