Music Educators Association of New Jersey Inc

Analysis

Music Educators Association of New Jersey Inc is a registered charity in United States, based in Summit, NJ. It received its IRS tax-exemption ruling in April 1967, 59 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending June 2024, Music Educators Association of New Jersey Inc reported income of $69k and spending of $61k, spending 89% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $56k to $69k (+23%), an average of +22% a year. The sharpest change came in the year to June 2024, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Music Educators Association of New Jersey Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 34th percentile within NJ. Charities of a similar size with the same main cause include Williamson County Crime Stoppers Program Inc ($69k), Jefferson Area Music Boosters Association ($69k) and Alcoholic Recovery Center of Lubbock Inc ($69k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 71% of the total. At year end it held assets of $126k against liabilities of $0, net assets of $126k.