Pianofest Inc

Analysis

Pianofest Inc is a registered charity in United States, based in Hudson, OH. It received its IRS tax-exemption ruling in August 1990, 36 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pianofest Inc reported income of $438k and spending of $412k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $357k to $438k (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pianofest Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Door of Hope International ($438k), Community Housing Services ($438k) and Fort Recovery Area Arts Council ($438k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $66k (16% of expenses). At year end it held assets of $596k against liabilities of $0, net assets of $596k. It reported 2 employees.