International Society of Bassists

Analysis

International Society of Bassists is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in October 1998, 28 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 August 2023, International Society of Bassists reported income of $752k and spending of $495k, leaving 34% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $483k to $752k (+56%), an average of +12% a year. The sharpest change came in the year to August 2023, when income rose by 324%. Over the whole period it spent 76% 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 Society of Bassists sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Litchfield Performing Arts Inc ($752k), Circus Flora Inc ($752k) and Delaware Arts Alliance Inc ($752k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. At year end it held assets of $1.3m against liabilities of $84, net assets of $1.3m.