Grand Piano Series Inc

Analysis

Grand Piano Series Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in June 2018, 8 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 September 2023, Grand Piano Series Inc reported income of $431k and spending of $349k, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $174k to $431k (+147%), an average of +25% a year. The sharpest change came in the year to September 2021, when income rose by 152%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grand Piano Series Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include The Book Club of California ($431k), Backhaus Dance ($431k) and Edwardsville Childrens Museum Inc ($430k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $120k (34% of expenses). At year end it held assets of $803k against liabilities of $68k, net assets of $735k. It reported 2 employees.