Brandywine Valley Friends of Old Time Music Inc

Analysis

Brandywine Valley Friends of Old Time Music Inc is a registered charity in United States, based in Greenville, DE. It received its IRS tax-exemption ruling in January 1977, 49 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, Brandywine Valley Friends of Old Time Music Inc reported income of $223k and spending of $224k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $268k to $223k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brandywine Valley Friends of Old Time Music Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 51st percentile within DE. Charities of a similar size with the same main cause include Chinese Culture Association of Long Island Inc ($223k), Wonderlust Productions ($223k) and Caballeros-The Gay Mens Chorus of Palm Springs ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. At year end it held assets of $238k against liabilities of $0, net assets of $238k.