Norwood Parents Music Association Inc

Analysis

Norwood Parents Music Association Inc is a registered charity in United States, based in Norwood, MA. It received its IRS tax-exemption ruling in March 1975, 51 years ago. 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 August 2023, Norwood Parents Music Association Inc reported income of $51k and spending of $56k, spending 109% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $56k to $51k (-8.4%), an average of -8.4% a year. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Norwood Parents Music Association Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include Ace Mentor Program of Greater Charlotte Metro-North Carolina ($51k), St Josephs School for the Deaf Chil Drens Fund ($51k) and The Eleventh Circuit Historical Society Inc ($51k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 2.2% and program service revenue 60% of the total. At year end it held assets of $140k against liabilities of $0, net assets of $140k.