Arpeggione Ensemble Inc

Analysis

Arpeggione Ensemble Inc is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in January 2023, 3 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, Arpeggione Ensemble Inc reported income of $53k and spending of $39k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $8,744 to $53k (+501%), an average of +501% a year. The sharpest change came in the year to December 2023, when income rose by 501%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arpeggione Ensemble Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include Quitman Brooks County Historical Museum & Cultural Center Inc ($53k), Hale Mua Cultural Group ($53k) and Studebaker National Museum Foundation Inc ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. At year end it held assets of $14k against liabilities of $4,942, net assets of $8,613.