Third Coast Percussion NFP

Analysis

Third Coast Percussion NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2009, 17 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 June 2023, Third Coast Percussion NFP reported income of $1.1m and spending of $1.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $789k to $1.1m (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Third Coast Percussion NFP sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Atawasul Center ($1.1m), Assemble Inc ($1.1m) and Millwald Theatre Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $158k (16% of expenses). Other salaries and wages came to $338k. At year end it held assets of $555k against liabilities of $0, net assets of $555k. It reported 7 employees.