Connecticut Music Educators Assn Inc

Analysis

Connecticut Music Educators Assn Inc is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in August 1953, 73 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Connecticut Music Educators Assn Inc reported income of $831k and spending of $965k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $768k to $831k (+8.2%), an average of +2.0% a year. The sharpest change came in the year to June 2022, when income rose by 194%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Connecticut Music Educators Assn Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CT. Charities of a similar size with the same main cause include Friends of the Neuberger Museum Inc ($831k), Stage Kids ($831k) and Colectivo El Ancon de Loiza Incorporado ($831k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.7% and program service revenue 75% of the total. Other salaries and wages came to $61k. At year end it held assets of $512k against liabilities of -$200, net assets of $512k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.