Rhythm X Performance Ensemble

Analysis

Rhythm X Performance Ensemble is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 2003, 23 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 June 2024, Rhythm X Performance Ensemble reported income of $391k and spending of $288k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $217k to $391k (+81%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 2273%. 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, Rhythm X Performance Ensemble sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Hall of Heroes Super Hero Museum ($391k), City Theater Associates Inc 205 Main St ($391k) and American Friends of the Prado Museum ($391k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $271k against liabilities of $39k, net assets of $232k.