Patrons of Music Students Inc

Analysis

Patrons of Music Students Inc is a registered charity in United States, based in Bedford, MA. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Patrons of Music Students Inc reported income of $190k and spending of $175k, spending 92% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $171k to $190k (+11%), an average of +11% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Patrons of Music Students Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include The Book Thing of Baltimore Inc ($190k), Hillcrest High School Community Foundation ($190k) and Informed California Foundation ($190k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 7.3% and program service revenue 85% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.