Strings Inc

Analysis

Strings Inc is a registered charity in United States, based in Ferdinand, IN. It received its IRS tax-exemption ruling in November 1989, 37 years ago. 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, Strings Inc reported income of $75k and spending of $70k, spending 93% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $80k to $75k (-6.2%), an average of -6.2% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Strings Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within IN. Charities of a similar size with the same main cause include Crescenta Sports Association ($75k), C G Jung Society of New Mexico ($75k) and Oar Community Residence Corp ($75k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 46% and program service revenue 47% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.