Hunterdon Musical Arts Inc

Analysis

Hunterdon Musical Arts Inc is a registered charity in United States, based in Flemington, NJ. It received its IRS tax-exemption ruling in January 2014, 12 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 August 2024, Hunterdon Musical Arts Inc reported income of $133k and spending of $135k, spending 102% of its income. Across the 3 years on record, from August 2022 to August 2024, income grew from $105k to $133k (+26%), an average of +12% a year. The sharpest change came in the year to August 2023, when income rose by 26%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hunterdon Musical Arts Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 52nd percentile within NJ. Charities of a similar size with the same main cause include Lakes Region Model Train Museum ($133k), Lexington Group Inc ($133k) and Minnesota Philharmonic Orchestra ($133k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 63% and program service revenue 23% of the total. At year end it held assets of $2,480 against liabilities of $1,411, net assets of $1,069.