Friends of Music of LA Quinta High School

Analysis

Friends of Music of LA Quinta High School is a registered charity in United States, based in Westminster, CA. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends of Music of LA Quinta High School reported income of $60k and spending of $75k, spending 125% of what it took in. Across the 3 years on record, from June 2020 to June 2024, income fell from $189k to $60k (-68%), an average of -44% a year. The sharpest change came in the year to June 2024, when income dropped by 48%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Music of LA Quinta High School sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within CA. Charities of a similar size with the same main cause include Friends of J L King ($60k), Charles Haskell Elementary PTO Inc ($60k) and Lighthouse Christian Homeschool Association ($60k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 41% of the total. At year end it held assets of $3,745 against liabilities of $0, net assets of $3,745.