Henderson Music Preservation Society Inc

Analysis

Henderson Music Preservation Society Inc is a registered charity in United States, based in Henderson, KY. It received its IRS tax-exemption ruling in May 1994, 32 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, Henderson Music Preservation Society Inc reported income of $215k and spending of $210k, spending 98% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $216k to $215k (-0.8%), an average of -0.4% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Henderson Music Preservation Society Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within KY. Charities of a similar size with the same main cause include Riverside Community Players ($215k), Visionbox Studio ($215k) and Minnesota International Chinese School ($215k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 7.7% of the total. At year end it held assets of $201k against liabilities of $30k, net assets of $171k.