Carnegie Hall Foundation Inc

Analysis

Carnegie Hall Foundation Inc is a registered charity in United States, based in Lewisburg, WV. It received its IRS tax-exemption ruling in February 2005, 21 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carnegie Hall Foundation Inc reported income of $279k and spending of $98k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $85k to $279k (+228%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 235%. Over the whole period it spent 45% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carnegie Hall Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within WV. Charities of a similar size with the same main cause include Coachella Valley Historical Society ($279k), Human Connections ($279k) and Circus Hall of Fame Inc ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.