Traditional Irish Music Education Society

Analysis

Traditional Irish Music Education Society is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in November 2005, 21 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 2023, Traditional Irish Music Education Society reported income of $142k and spending of $140k, spending 98% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $205k to $142k (-30%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Traditional Irish Music Education Society sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Wooden Walls Mural Project a NJ Non Profit Corporation ($142k), Society of Mayflower Descendants in the State of Texas Inc ($142k) and West Virginia Music Hall of Fame Inc ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $101k against liabilities of $1,130, net assets of $100k.