State Street Academy of Music at St Lawrence

Analysis

State Street Academy of Music at St Lawrence is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in April 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, State Street Academy of Music at St Lawrence reported income of $231k and spending of $274k, spending 118% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $228k to $231k (+1.2%), an average of +0.3% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, State Street Academy of Music at St Lawrence sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include Eugene Symphony Foundation ($231k), Building Bridges Jeff Haas Method for Promoting Peace Through Music ($231k) and Avoca Museum and Historical Society ($231k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 45% and program service revenue 53% of the total. Other salaries and wages came to $46k. At year end it held assets of $171k against liabilities of $1,172, net assets of $170k. It reported 2 employees.