Correia Instrumental Musical Association Inc

Analysis

Correia Instrumental Musical Association Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Correia Instrumental Musical Association Inc reported income of $113k and spending of $78k, leaving 31% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $53k to $113k (+115%), an average of +47% a year. The sharpest change came in the year to June 2024, when income rose by 65%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Correia Instrumental Musical Association Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Kodiak Kindness Project ($113k), Friends and Foundation of the Arlington Public Library ($113k) and Fortaleza Inc ($113k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.