Gina Bachauer International Piano Foundation

Analysis

Gina Bachauer International Piano Foundation is a registered charity in United States, based in Salt Lake City, UT. It received its IRS tax-exemption ruling in May 1987, 39 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 September 2023, Gina Bachauer International Piano Foundation reported income of $411k and spending of $365k, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $386k to $411k (+6.4%), an average of +1.6% a year. The sharpest change came in the year to September 2021, when income rose by 31%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gina Bachauer International Piano Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within UT. Charities of a similar size with the same main cause include Raga Massive Inc ($411k), Coastal Jazz Association Inc ($411k) and Muae Publishing Inc ($411k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $50k (14% of expenses). Other salaries and wages came to $43k. It paid $12k in professional fundraising fees. At year end it held assets of $484k against liabilities of $93k, net assets of $392k. It reported 7 employees.