Violin Society of America

Analysis

Violin Society of America is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in July 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Violin Society of America reported income of $247k and spending of $286k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $181k to $247k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income rose by 138%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Violin Society of America sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Waxahachie Arts Council Inc ($247k), Cannon Beach Arts Association Incorporated ($247k) and Noble Schoolhouse Corporation ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 48% of the total. At year end it held assets of $916k against liabilities of $213k, net assets of $704k.