Piedmont Blues Preservation Society

Analysis

Piedmont Blues Preservation Society is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in December 1985, 41 years ago. 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, Piedmont Blues Preservation Society reported income of $123k and spending of $83k, leaving 32% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income fell from $127k to $123k (-3.6%), an average of -1.8% a year. The sharpest change came in the year to June 2024, when income dropped by 16%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Piedmont Blues Preservation Society sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include New York State 4-H Foundation Inc ($123k), The Sisk Foundation of Buncombe Street United Methodist Church ($123k) and Tranquillity Alumni & Friends Inc ($123k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 17% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.