Piano Spheres

Analysis

Piano Spheres is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2001, 25 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 June 2024, Piano Spheres reported income of $124k and spending of $181k, spending 146% of what it took in. Across the 3 years on record, from June 2021 to June 2024, income fell from $181k to $124k (-31%), an average of -17% a year. The sharpest change came in the year to June 2024, when income dropped by 50%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Piano Spheres sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Cape Canaveral Lighthouse Foundation Inc ($124k), Us-India Policy Institute ($124k) and Ballard High School Performing Arts Booster Club ($124k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 6.4% of the total. At year end it held assets of $50k against liabilities of $11k, net assets of $39k.