Fralinger String Band Inc

Analysis

Fralinger String Band Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2008, 18 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 February 2023, Fralinger String Band Inc reported income of $240k and spending of $250k, spending 104% of its income. Across the 4 years on record, from February 2019 to February 2023, income grew from $206k to $240k (+16%), an average of +5.2% a year. The sharpest change came in the year to February 2023, when income rose by 32%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fralinger String Band Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Littleton Youth Ballet Inc ($240k), Tamil Sangam Michigan ($240k) and Spirit of Great Oak Boosters ($239k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 56% and program service revenue 39% of the total. At year end it held assets of $121k against liabilities of $22k, net assets of $99k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.