Pinecone the Piedmont Council of Traditional Music

Analysis

Pinecone the Piedmont Council of Traditional Music is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1985, 41 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 June 2023, Pinecone the Piedmont Council of Traditional Music reported income of $846k and spending of $770k, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $986k to $846k (-14%), an average of -5.0% a year. The sharpest change came in the year to June 2022, when income rose by 82%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pinecone the Piedmont Council of Traditional Music sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Newport Film Inc ($846k), San Carlos Childrens Theatre Inc ($846k) and Artogether ($846k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $91k (12% of expenses). Other salaries and wages came to $50k. At year end it held assets of $1.0m against liabilities of $119k, net assets of $883k. It reported 4 employees.