Pianos for People

Analysis

Pianos for People is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in September 2015, 11 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, Pianos for People reported income of $648k and spending of $463k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $481k to $648k (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pianos for People sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within MO. Charities of a similar size with the same main cause include Equity Arc ($647k), Stockton Civic Theatre a Corp ($648k) and Center for Shared Civilizational Values ($647k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $85k (18% of expenses). Other salaries and wages came to $227k. At year end it held assets of $1.0m against liabilities of $1,808, net assets of $1.0m. It reported 26 employees.