Melrose Orchestral Association

Analysis

Melrose Orchestral Association is a registered charity in United States, based in Melrose, MA. It received its IRS tax-exemption ruling in October 1946, 80 years ago. 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 May 2024, Melrose Orchestral Association reported income of $183k and spending of $173k, spending 94% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $151k to $183k (+21%), an average of +21% a year. The sharpest change came in the year to May 2024, when income rose by 21%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Melrose Orchestral Association sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Los Angeles Residential Community Auxiliary ($183k), Sherwood Gardens Stratford Green Foundation Inc ($183k) and Fox Chapel Area Youth Soccer Inc ($183k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 94% of the total. At year end it held assets of $215k against liabilities of $1,770, net assets of $213k.