Purple Silk Music Education Foundation Inc

Analysis

Purple Silk Music Education Foundation Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in June 2000, 26 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 December 2023, Purple Silk Music Education Foundation Inc reported income of $230k and spending of $185k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $189k to $230k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Purple Silk Music Education Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Celebrate Frederick Inc ($230k), Endless Mountain Music Festival ($230k) and Mosquito Range Heritage Initiative ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $140k. At year end it held assets of $252k against liabilities of $0, net assets of $252k.