Pittsburgh New Music Ensemble Inc

Analysis

Pittsburgh New Music Ensemble Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 1980, 46 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 September 2023, Pittsburgh New Music Ensemble Inc reported income of $96k and spending of $182k, spending 189% of what it took in. Across the 3 years on record, from September 2019 to September 2023, income fell from $265k to $96k (-64%), an average of -40% a year. The sharpest change came in the year to September 2022, when income dropped by 66%. Over the whole period it spent 164% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pittsburgh New Music Ensemble Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within PA. Charities of a similar size with the same main cause include Sheldon Community School Educational Foundation ($96k), For the Kids Benefit Foundation Inc ($96k) and Little League Baseball Inc ($96k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 5.1% of the total. At year end it held assets of $21k against liabilities of $3,922, net assets of $17k.

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.