Rebecca Penneys Friends of Piano Inc

Analysis

Rebecca Penneys Friends of Piano Inc is a registered charity in United States, based in St Pete Beach, FL. It received its IRS tax-exemption ruling in June 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, Rebecca Penneys Friends of Piano Inc reported income of $347k and spending of $176k, leaving 49% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $220k to $347k (+57%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rebecca Penneys Friends of Piano Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Ka Aha Lahui O Olekona ($347k), National Society of the Daughters of the American Revolution ($347k) and Friends of Old Town Theatre ($346k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 14% of the total. At year end it held assets of $893k against liabilities of $13, net assets of $893k.