KHS Friends of Music Inc

Analysis

KHS Friends of Music Inc is a registered charity in United States, based in Kennett SQ, PA. It received its IRS tax-exemption ruling in February 2009, 17 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, KHS Friends of Music Inc reported income of $63k and spending of $45k, leaving 29% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $58k to $63k (+8.3%), an average of +8.3% a year. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, KHS Friends of Music Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within PA. Charities of a similar size with the same main cause include Vermont Ballet Theater Inc ($63k), Oil Region Ballet Company ($63k) and Redlands Theatre Festival Inc ($63k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 78% of the total. At year end it held assets of $108k against liabilities of $0, net assets of $108k.