Virginia Federation of Music Clubs

Analysis

Virginia Federation of Music Clubs is a registered charity in United States, based in Woodbridge, VA. It received its IRS tax-exemption ruling in September 1975, 51 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 (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 2024, Virginia Federation of Music Clubs reported income of $64k and spending of $59k, spending 92% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $65k to $64k (-1.0%), an average of -1.0% a year. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia Federation of Music Clubs 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 24th percentile within VA. Charities of a similar size with the same main cause include Players of Utica Inc ($64k), Cherokee Elders Council ($64k) and Jazz Gallery Center for the Arts Inc ($64k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 6.2% and program service revenue 52% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.