Statewide Country Music Association Inc

Analysis

Statewide Country Music Association Inc is a registered charity in United States, based in Cortland, NY. It received its IRS tax-exemption ruling in December 1981, 45 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 2022, Statewide Country Music Association Inc reported income of $176k and spending of $160k, spending 91% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $158k to $176k (+11%), an average of +3.5% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Statewide Country Music Association Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Coastal Islands Theater Inc ($176k), Jazz Stepping Stones ($176k) and The Literacy Project ($176k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 16% and program service revenue 83% of the total. At year end it held assets of $253k against liabilities of $249k, net assets of $3,234.