The Collaborative Piano Institute

Analysis

The Collaborative Piano Institute is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in November 2021, 5 years ago. 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, The Collaborative Piano Institute reported income of $118k and spending of $94k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $142k to $118k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Collaborative Piano Institute sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within MI. Charities of a similar size with the same main cause include Club Velocity Volleyball Inc ($118k), American Bryological & Lichenological Society Inc ($118k) and Ufcw Local 75 Foundation Inc ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. At year end it held assets of $97k against liabilities of $0, net assets of $97k.