Abilene Philharmonic Guild Inc

Analysis

Abilene Philharmonic Guild Inc is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in May 1959, 67 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 May 2023, Abilene Philharmonic Guild Inc reported income of $84k and spending of $99k, spending 118% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income grew from $72k to $84k (+17%), an average of +17% a year. The sharpest change came in the year to May 2023, when income rose by 17%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abilene Philharmonic Guild Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include CC Morris Cricket Library ($84k), South Louisiana Holiness Camp Meeting Association ($84k) and Madison Trust for Historic Preservation Inc ($84k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 18% of the total. At year end it held assets of $9,004 against liabilities of $0, net assets of $9,004.