Steinway Society the Bay Area

Analysis

Steinway Society the Bay Area is a registered charity in United States, based in Campbell, CA. It received its IRS tax-exemption ruling in February 1997, 29 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, Steinway Society the Bay Area reported income of $319k and spending of $206k, leaving 35% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $178k to $319k (+79%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 119%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Steinway Society the Bay Area sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Golden Crown Literary Society ($319k), Wings of the North Inc ($319k) and Scandia Heritage Alliance ($319k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $289k against liabilities of $44k, net assets of $245k.