Community String Project Inc

Analysis

Community String Project Inc is a registered charity in United States, based in Bristol, RI. It received its IRS tax-exemption ruling in April 2010, 16 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, Community String Project Inc reported income of $157k and spending of $213k, spending 136% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $191k to $157k (-18%), an average of -9.4% a year. The sharpest change came in the year to June 2024, when income dropped by 25%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community String Project Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within RI. Charities of a similar size with the same main cause include Historical Diving Society ($157k), Frank Theatre ($157k) and Natchez Opera Festival Inc ($157k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 32% and program service revenue 43% of the total. Other salaries and wages came to $101k. At year end it held assets of $151k against liabilities of $17k, net assets of $134k. It reported 3 employees.