Music Composition Online Mentoring Program Inc

Analysis

Music Composition Online Mentoring Program Inc is a registered charity in United States, based in Colchester, VT. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Music Composition Online Mentoring Program Inc reported income of $108k and spending of $115k, spending 107% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $75k to $108k (+43%), an average of +43% a year. The sharpest change came in the year to June 2024, when income rose by 43%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Music Composition Online Mentoring Program Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 29th percentile within VT. Charities of a similar size with the same main cause include Dallas Psychoanalytic Institute ($108k), Cumberland Area Summer Lunch Box Inc ($108k) and Liberty Hill Youth Football and Cheer Inc ($108k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 82% of the total. At year end it held assets of $1,601 against liabilities of $12k, net assets of -$10k.