Highland Park Strings NFP

Analysis

Highland Park Strings NFP is a registered charity in United States, based in Highland Park, IL. It received its IRS tax-exemption ruling in April 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, Highland Park Strings NFP reported income of $62k and spending of $101k, spending 162% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $101k to $62k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Highland Park Strings NFP sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within IL. Charities of a similar size with the same main cause include Indian History Awareness and Research ($62k), Raeford-Hoke Museum Inc ($62k) and Lucketts Bluegrass Foundation ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.