Nassau Music Educators Association

Analysis

Nassau Music Educators Association is a registered charity in United States, based in Hicksville, NY. It received its IRS tax-exemption ruling in December 1970, 56 years ago. 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, Nassau Music Educators Association reported income of $342k and spending of $344k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $351k to $342k (-2.6%), an average of -0.9% a year. The sharpest change came in the year to June 2023, when income rose by 301%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nassau Music Educators Association sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Partnership for Seniors Inc ($342k), Alive Ministries Inc ($342k) and International Order of the Rainbow Girls ($342k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.6% and program service revenue 75% of the total. At year end it held assets of $599k against liabilities of $0, net assets of $599k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.