Carnegie Hall a Corporation

Analysis

Carnegie Hall a Corporation is a registered charity in United States, based in Lewisburg, WV. It received its IRS tax-exemption ruling in May 1985, 41 years ago. 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 June 2023, Carnegie Hall a Corporation reported income of $1.1m and spending of $1.1m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $1.1m (-11%), an average of -3.8% a year. The sharpest change came in the year to June 2021, when income dropped by 32%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carnegie Hall a Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within WV. Charities of a similar size with the same main cause include Boy Scouts of America ($1.1m), National Alliance on Mental Illness-Colorado Springs ($1.1m) and Cumberland Valley Township Volunteer Fire Company ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $118k (11% of expenses). Other salaries and wages came to $329k. At year end it held assets of $2.9m against liabilities of $262k, net assets of $2.6m. It reported 11 employees.