Spring-Ford Music Association

Analysis

Spring-Ford Music Association is a registered charity in United States, based in Royersford, PA. It received its IRS tax-exemption ruling in October 2001, 25 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 2023, Spring-Ford Music Association reported income of $114k and spending of $93k, spending 82% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $118k to $114k (-3.3%), an average of -3.3% a year. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spring-Ford Music Association sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within PA. Charities of a similar size with the same main cause include Mexican Heritage Association of West Michigan ($114k), Union Club Foundation ($114k) and Chicago Fashion Development NFP ($114k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 14% of the total. At year end it held assets of $129k against liabilities of $32k, net assets of $98k.