Lang Lang International Music Foundation Inc

Analysis

Lang Lang International Music Foundation Inc is a registered charity in United States, based in Cliffside PK, NJ. It received its IRS tax-exemption ruling in June 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 December 2023, Lang Lang International Music Foundation Inc reported income of $848k and spending of $1.7m, spending 199% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $848k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2023, when income dropped by 59%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lang Lang International Music Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Barthelmes Conservatory Inc ($847k), Arts Council of Greater Lansing Inc ($848k) and Port Austin Reeflight Association Inc ($847k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $390k (23% of expenses). Other salaries and wages came to $168k. At year end it held assets of $4.0m against liabilities of $65k, net assets of $4.0m. It reported 4 employees.