Mount Vernon Music Association

Analysis

Mount Vernon Music Association is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 2006, 20 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Mount Vernon Music Association reported income of $78k and spending of $82k, spending 105% of its income. Across the 2 years on record, from May 2022 to May 2023, income fell from $83k to $78k (-6.3%), an average of -6.3% a year. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mount Vernon Music Association sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include Umoja Magazine - Madison Inc ($78k), Epoch Times Tieng Viet ($78k) and Klein Foundation Inc ($78k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 76% and program service revenue 7.9% of the total. At year end it held assets of $162k against liabilities of $0, net assets of $162k.