Electronic Music Education & Preservation Project

Analysis

Electronic Music Education & Preservation Project is a registered charity in United States, based in Harleysville, PA. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Electronic Music Education & Preservation Project reported income of $494k and spending of $328k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $552k to $494k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Electronic Music Education & Preservation Project sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include Prospect Theater Company Inc ($494k), Oceanside Theatre Company ($494k) and Aspen Journalism ($494k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $64k (19% of expenses). At year end it held assets of $673k against liabilities of $0, net assets of $673k.