International Double-Reed Society

Analysis

International Double-Reed Society is a registered charity in United States, based in Polk City, IA. It received its IRS tax-exemption ruling in December 1981, 45 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, International Double-Reed Society reported income of $298k and spending of $330k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $408k to $298k (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Double-Reed Society sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within IA. Charities of a similar size with the same main cause include Pearland Band Booster Club Inc ($298k), C G Jung Study Center ($298k) and Little Theatre of Monroe Inc ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 30% of the total. At year end it held assets of $558k against liabilities of $98k, net assets of $459k.