Music Teachers Association of California Foundation

Analysis

Music Teachers Association of California Foundation is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in September 1989, 37 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Music Teachers Association of California Foundation reported income of $154k and spending of $45k, leaving 71% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $59k to $154k (+162%), an average of +27% a year. The sharpest change came in the year to July 2021, when income rose by 129%. Over the whole period it spent 47% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music Teachers Association of California Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Texas City Historical Preservationcorporation ($154k), Willinet Inc ($154k) and West Nebraska Arts Center 106 E 18th St ($154k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 83% and program service revenue 0.2% of the total. At year end it held assets of $1.0m against liabilities of $112k, net assets of $929k.