Piast Institute

Analysis

Piast Institute is a registered charity in United States, based in Hamtramck, MI. It received its IRS tax-exemption ruling in April 2004, 22 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, Piast Institute reported income of $591k and spending of $455k, leaving 23% of income unspent that year. Across the 6 years on record, from December 2017 to December 2023, income grew from $331k to $591k (+79%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Piast Institute sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Lni ($591k), Music of Remembrance ($591k) and Landmark Community Theatre ($591k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $208k. At year end it held assets of $162k against liabilities of $162k, net assets of $0. It reported 6 employees.