Piano on Park Inc
Nonprofit profile at a glance
- EIN
- 932482762
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2024
- Location
- New York, NY, USA
- Phone
- 9174788565
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities N.E.C.
Reported finances
- Revenue
- $92,737
- Expenses
- $60,612
- Assets
- $41,306
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Cyrus von Hochstetter (President)
People named in this filing
- Cyrus von Hochstetter (President)
- Makiko von Hochstetter (Treasurer)
- July Yang (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To enrich New York City's cultural life by supporting musicians, performers, and artists through concert presentations, new music programming, and a need- and merit-based music scholarship fund.
What it reported doing in 2025
Concert Presentations Piano on Park presented 7 concerts in 2025 across New York City, reaching approximately 330 in-person attendees and 152 online viewers via livestream. Concerts were held at venues including Victor Borge Hall at Scandinavia House and Church of the Advent Hope, as well as intimate house concert settings. Programming spanned a wide range of musical styles and genres, featuring emerging and international artists including students from the Juilliard School, Mannes School of Music, CUNY Graduate Center students, and up-and-coming musicians. The season placed special emphasis on new music, presenting new works by contemporary composers including a New York premiere by composer Randal Despommier and the world premiere of 'A Book of Time' by Lei Liang, performed by Grammy-nominated pianist Han Chen. All performing musicians were compensated. Total program expenses: $9,002.90.
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 89% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 100
- Sustainability: 65
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.4%; rating input score 65
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 34.6%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 0.68; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 65.4% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $61K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.