American Piano Awards Inc

Analysis

American Piano Awards Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in January 1980, 46 years ago. 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 2023, American Piano Awards Inc reported income of $864k and spending of $1.7m, spending 194% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $864k (-27%), an average of -7.5% a year. The sharpest change came in the year to June 2023, when income dropped by 49%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Piano Awards Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IN. Charities of a similar size with the same main cause include The University of Fondwa USA Inc ($864k), Reining Strength Therapeutic Horsemanship ($864k) and City of Wiillits Public Facilities Corp ($864k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $260k (15% of expenses). Other salaries and wages came to $427k. At year end it held assets of $12.2m against liabilities of $34k, net assets of $12.1m. It reported 10 employees.