Art of the Piano

Analysis

Art of the Piano is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in July 2016, 10 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 December 2023, Art of the Piano reported income of $162k and spending of $232k, spending 143% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income grew from $55k to $162k (+195%), an average of +31% a year. The sharpest change came in the year to December 2019, when income rose by 631%. Over the whole period it spent 158% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art of the Piano sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within OH. Charities of a similar size with the same main cause include Foundation for Water and Energy Education ($162k), The Washington Mens Camerata Inc ($162k) and Caroline County Historical Society Inc ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 3.7% of the total. At year end it held assets of $22k against liabilities of $144, net assets of $22k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.