Pianos for Students Society

Analysis

Pianos for Students Society is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in May 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 December 2023, Pianos for Students Society reported income of $2.1m and spending of $2.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.1m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pianos for Students Society sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within AZ. Charities of a similar size with the same main cause include Indianapolis Childrens Choir Incorporated ($2.1m), Firehouse Community Arts Center of Chicago ($2.1m) and White Bear Center for the Arts ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $397k against liabilities of $0, net assets of $397k.