Society for Music Theory Inc

Analysis

Society for Music Theory Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in February 1980, 46 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 December 2023, Society for Music Theory Inc reported income of $180k and spending of $158k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $234k to $180k (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2022, when income dropped by 32%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for Music Theory Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within IN. Charities of a similar size with the same main cause include Four Nations Inc ($180k), Jolt News Organization ($180k) and Black Box Theatre Company Inc ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 77% of the total. At year end it held assets of $902k against liabilities of $254, net assets of $902k.