Childrens Concert Society of Akron Ohio

Analysis

Childrens Concert Society of Akron Ohio is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in June 1955, 71 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, Childrens Concert Society of Akron Ohio reported income of $141k and spending of $175k, spending 124% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $112k to $141k (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2023, when income rose by 777%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Childrens Concert Society of Akron Ohio sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within OH. Charities of a similar size with the same main cause include Waterloo Area Historical Society ($141k), Liberty Historic Railway Inc ($141k) and Philadelphia Police & Fire Pipes & Drums ($141k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 9.8% of the total. Other salaries and wages came to $41k. At year end it held assets of $586k against liabilities of $16k, net assets of $570k. It reported 1 employees.