City Strings Inc

Analysis

City Strings Inc is a registered charity in United States, based in Roxbury, MA. It received its IRS tax-exemption ruling in April 2013, 13 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, City Strings Inc reported income of $301k and spending of $257k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $194k to $301k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, City Strings Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Highlands Historical Society ($301k), Westmoore High School Band Boosters ($301k) and Lelooska Foundation ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $72k (28% of expenses). Other salaries and wages came to $84k. At year end it held assets of $153k against liabilities of $0, net assets of $153k. It reported 5 employees.