Cuerdas Clasicas Inc

Analysis

Cuerdas Clasicas Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2015, 11 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cuerdas Clasicas Inc reported income of $129k and spending of $113k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $129k (+15%), an average of +15% a year. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cuerdas Clasicas Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within IL. Charities of a similar size with the same main cause include Straus Historical Society Inc ($129k), Associated Polish Home of Philadelphia ($129k) and Memorial for All Veterans of the Brazos Valley Inc ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.