Washington Square Association Music Fund

Analysis

Washington Square Association Music Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1959, 67 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Washington Square Association Music Fund reported income of $97k and spending of $97k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $82k to $97k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 188%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Washington Square Association Music Fund sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Central Connecticut Celtic Cultural Committe Inc ($97k), Center for Advanced Musical Studies ($97k) and Mars Review of Books Foundation ($97k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.