Chopin Foundation of the United States Inc

Analysis

Chopin Foundation of the United States Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in October 1979, 47 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 2023, Chopin Foundation of the United States Inc reported income of $615k and spending of $481k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $558k to $615k (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chopin Foundation of the United States Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include American Fund for Westminster Abbey ($615k), Chesterfield Cultural Arts Foundation ($615k) and Hispanic Outreach of ($614k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 11% of the total. Other salaries and wages came to $120k. At year end it held assets of $1.7m against liabilities of $2,952, net assets of $1.7m. It reported 3 employees.