Pump House Music Works

Analysis

Pump House Music Works is a registered charity in United States, based in Wakefield, RI. It received its IRS tax-exemption ruling in July 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pump House Music Works reported income of $441k and spending of $491k, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $216k to $441k (+104%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pump House Music Works sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within RI. Charities of a similar size with the same main cause include Fullerton Museum Center Association ($441k), Chinese Performing Arts of America ($441k) and Squonk Opera Inc ($441k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 44% of the total. At year end it held assets of $81k against liabilities of $386k, net assets of -$305k.