European American Musical Alliance Inc

Analysis

European American Musical Alliance Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2000, 26 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, European American Musical Alliance Inc reported income of $400k and spending of $351k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $303k to $400k (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2023, when income rose by 115%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, European American Musical Alliance Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Tapology Inc ($400k), Lowell Art Association ($400k) and Big Sky Film Institute ($400k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.8% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $108k (31% of expenses). At year end it held assets of $467k against liabilities of $205k, net assets of $262k. It reported 2 employees.