Santa Teresa Music and Arts Association Inc

Analysis

Santa Teresa Music and Arts Association Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Santa Teresa Music and Arts Association Inc reported income of $119k and spending of $133k, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $107k to $119k (+11%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 167%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Santa Teresa Music and Arts Association Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Go Forth Ministry ($119k), Tri-State Dairy Nutrition Conference ($119k) and Library Foundation of McMinnville ($119k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.