Berkeley Society for the Preservation of Traditional Music

Analysis

Berkeley Society for the Preservation of Traditional Music is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in January 1984, 42 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, Berkeley Society for the Preservation of Traditional Music reported income of $5.0m and spending of $5.6m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $5.0m (+2.6%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Berkeley Society for the Preservation of Traditional Music sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Stephenson Technologies Corporation ($5.0m), The Wick Theatre & Costume Museum Inc ($5.0m) and Birmingham Landmarks Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $431k (7.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $17.7m against liabilities of $645k, net assets of $17.1m. It reported 82 employees.