Klezmer Music Foundation

Analysis

Klezmer Music Foundation is a registered charity in United States, based in Skokie, IL. It received its IRS tax-exemption ruling in May 2002, 24 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 2023, Klezmer Music Foundation reported income of $218k and spending of $185k, spending 85% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $155k to $218k (+41%), an average of +41% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Klezmer Music Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include Richard E Wildish Community Theater ($218k), Talking Eyes Media Inc ($218k) and Arcadia Performing Arts Foundation ($218k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $32k (18% of expenses). At year end it held assets of $112k against liabilities of $23k, net assets of $89k.