Pianos for Peace Inc

Analysis

Pianos for Peace Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pianos for Peace Inc reported income of $299k and spending of $296k, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $381k to $299k (-22%), an average of -22% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pianos for Peace Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within GA. Charities of a similar size with the same main cause include Tri an Foundation ($299k), Marketing Accountability Foundation ($299k) and Diligencias Corporation ($299k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $14k (4.6% of expenses). At year end it held assets of $2,985 against liabilities of $20k, net assets of -$17k.