Pinecrest City Music Project Inc

Analysis

Pinecrest City Music Project Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 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 August 2023, Pinecrest City Music Project Inc reported income of $54k and spending of $34k, leaving 38% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income fell from $61k to $54k (-11%), an average of -11% a year. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pinecrest City Music Project Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include San Diego Folk Heritage ($54k), Telugu Association of Kentuckiana ($54k) and North Bend Community Theater ($54k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.