Arts, Culture & Humanities
(A60)
IRS Verified
DX Registered
990 on File
PURPLE SILK MUSIC EDUCATION FOUNDATION INC
Financial strength (30%)
98/100
Reliability (20%)
55/100
Effectiveness (25%)
87/100
Impact (25%)
No data yet
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CharityAI™ Score
Not yet evaluated
Mission Statement
The mission of the Purple Silk Music Education Foundation (PSMEF) is “to instill in young people an appreciation of music from different cultures through instruction in traditional Chinese Instruments, opera, and folk songs.” PSMEF provides music in-depth, sequential after-school/weekend and school-based music instruction to local public school students (grades K-12), offering them opportunities to train with professional musicians, increase their musical knowledge and proficiency, and perform in community and educational venues.
Financial Overview — FY 2024
$256K
Total Revenue
$195K
Total Expenses
$307K
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
83.6%
Fundraising Efficiency
N/A
Operating Reserve
18.91x
Liability-to-Asset
0.0%
Revenue Diversification
70.6%
Executive Compensation
$0
Compared with Peers
FY 2024
Compared with 12,711 similar organizations
(United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
83.6% | 82.0% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
15.8% | 14.1% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.6% | 0.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
18.9 mo | 9.8 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 1.8% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
70.6% | 79.8% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
11.0% | 8.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
5.2% | 8.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
23.7% | 1.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $256K | $195K | $307K | 83.6% | 0 |
| 2023 | $230K | $185K | $252K | 17.2% | 0 |
| 2022 | $274K | $240K | $207K | 86.6% | 0 |
| 2021 | $334K | $221K | N/A | — | 0 |
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