King Philip Music Association Inc

Analysis

King Philip Music Association Inc is a registered charity in United States, based in Wrentham, MA. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, King Philip Music Association Inc reported income of $140k and spending of $139k, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $74k to $140k (+90%), an average of +90% a year. The sharpest change came in the year to June 2023, when income rose by 90%. Over the whole period it spent 116% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, King Philip Music Association Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include Flume Foundation ($140k), Seabrook Rotary Foundation ($140k) and James W and Carolyn O Ritchie Supporting Organization ($140k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 56% of the total. At year end it held assets of $142k against liabilities of $1,600, net assets of $140k.