Pro Arte Musical Inc

Analysis

Pro Arte Musical Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in April 1991, 35 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, Pro Arte Musical Inc reported income of $365k and spending of $305k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $596k to $365k (-39%), an average of -12% a year. The sharpest change came in the year to June 2020, when income dropped by 42%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pro Arte Musical Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 49th percentile within PR. Charities of a similar size with the same main cause include Austin Science Education Foundation ($365k), Fairhope Educational Enrichment Foundation Inc ($365k) and Knoxville Jewish Community Family of Funds ($365k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $65k. At year end it held assets of $187k against liabilities of $22k, net assets of $165k. It reported 1 employees.