Vermont Music & Arts Assoc Inc

Analysis

Vermont Music & Arts Assoc Inc is a registered charity in United States, based in Easthampton, MA. It received its IRS tax-exemption ruling in August 1988, 38 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 September 2023, Vermont Music & Arts Assoc Inc reported income of $163k and spending of $160k, spending 99% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $139k to $163k (+17%), an average of +17% a year. The sharpest change came in the year to September 2023, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vermont Music & Arts Assoc Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Fire & Light Productions Inc ($163k), Stevens County Historical Society ($163k) and Scott Joplin Foundation of Sedalia Mo Inc ($163k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 12% and program service revenue 75% of the total. At year end it held assets of $253k against liabilities of $0, net assets of $253k.