Vladimir and Haewon Feltsman Piano Foundation Ltd

Analysis

Vladimir and Haewon Feltsman Piano Foundation Ltd is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in July 2019, 7 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 May 2024, Vladimir and Haewon Feltsman Piano Foundation Ltd reported income of $273k and spending of $152k, leaving 44% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $134k to $273k (+104%), an average of +20% a year. The sharpest change came in the year to May 2024, when income rose by 56%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vladimir and Haewon Feltsman Piano Foundation Ltd sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Small Press Traffic Literary Arts Center ($273k), Hasang Institute for Korean-American Culture and Educat ($273k) and Area Community Theatre of Sharpsville ($273k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 97% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $7,000 (4.6% of expenses). At year end it held assets of $993k against liabilities of $2,107, net assets of $991k.