Winthrop Music Association

Analysis

Winthrop Music Association is a registered charity in United States, based in Twisp, WA. It received its IRS tax-exemption ruling in October 2007, 19 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, Winthrop Music Association reported income of $607k and spending of $607k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $448k to $607k (+35%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 7128%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Winthrop Music Association sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within WA. Charities of a similar size with the same main cause include Performance Garage ($607k), Madison County Historical Society ($607k) and Western ND Honor Flight ($606k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $25k (4.1% of expenses). At year end it held assets of $537k against liabilities of $467, net assets of $537k.