Perspectives of New Music Inc

Analysis

Perspectives of New Music Inc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 1973, 53 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 December 2023, Perspectives of New Music Inc reported income of $72k and spending of $77k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $30k to $72k (+141%), an average of +141% a year. The sharpest change came in the year to December 2023, when income rose by 141%. Over the whole period it spent 154% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Perspectives of New Music Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 23rd percentile within WA. Charities of a similar size with the same main cause include Rhode Island State Police Museum Foundation Inc ($72k), Royal River Community Players ($72k) and Museum of Newport Irish History Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $279k against liabilities of $43k, net assets of $237k.