Puerto Rico International Piano Festival

Analysis

Puerto Rico International Piano Festival is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2017, 9 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, Puerto Rico International Piano Festival reported income of $114k and spending of $120k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $114k (+5.0%), an average of +5.0% a year. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Puerto Rico International Piano Festival sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 21st percentile within DC. Charities of a similar size with the same main cause include Lander Art Center ($114k), Allatoona High School Orchestra Boosters Inc ($114k) and Peninsula Cantare a California Nonprofit Benefit Corporation ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. At year end it held assets of $1,549 against liabilities of $0, net assets of $1,549.