Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer

Analysis

Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1946, 80 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, Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer reported income of $58k and spending of $64k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $65k to $58k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Food for the Hungry Inc ($58k), Piedmont Area Veterans Council Inc ($58k) and St Theodore Catholic School Endowment Fund Inc ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. At year end it held assets of $7,953 against liabilities of $0, net assets of $7,953.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.