Peter Foley Music Project Inc

Analysis

Peter Foley Music Project Inc is a registered charity in United States, based in Nyack, NY. It received its IRS tax-exemption ruling in August 2022, 4 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 June 2023, Peter Foley Music Project Inc reported income of $81k and spending of $53k, leaving 35% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $20k to $81k (+305%), an average of +305% a year. The sharpest change came in the year to June 2023, when income rose by 305%. Over the whole period it spent 53% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Peter Foley Music Project Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Burritt Museum Foundation Inc ($81k), Southerly ($81k) and The Jaques Art Center ($81k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.