League of Composers Intl Soc for Contemporary Music U S Section Inc

Analysis

League of Composers Intl Soc for Contemporary Music U S Section Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1960, 66 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, League of Composers Intl Soc for Contemporary Music U S Section Inc reported income of $55k and spending of $70k, spending 127% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $57k to $55k (-4.6%), an average of -4.6% a year. Over the whole period it spent 128% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, League of Composers Intl Soc for Contemporary Music U S Section Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Manheim Central Band Boosters ($55k), Society for Creative Anachronism Inc ($55k) and Midwest Modern Language Association ($55k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. At year end it held assets of $15k against liabilities of $2,773, net assets of $12k.