Pennridge Music Association

Analysis

Pennridge Music Association is a registered charity in United States, based in Silverdale, PA. It received its IRS tax-exemption ruling in January 1980, 46 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Pennridge Music Association reported income of $63k and spending of $68k, spending 108% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $68k to $63k (-6.8%), an average of -6.8% a year. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pennridge Music Association sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within PA. Charities of a similar size with the same main cause include Artsnatchez Inc ($63k), Louisiana Humanities Foundation ($63k) and Des Moines Community Radio Foundation ($63k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 4.8% and program service revenue 46% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.