Civic Music Association

Analysis

Civic Music Association is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in January 1974, 52 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 May 2023, Civic Music Association reported income of $643k and spending of $520k, spending 81% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $501k to $643k (+28%), an average of +6.4% a year. The sharpest change came in the year to May 2022, when income rose by 42%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Civic Music Association sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within IA. Charities of a similar size with the same main cause include Museum of Human Achievement ($643k), Summer of the Arts Inc ($643k) and The Grand Opera House ($643k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 76% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $80k (15% of expenses). Other salaries and wages came to $73k. At year end it held assets of $2.0m against liabilities of $74k, net assets of $1.9m. It reported 4 employees.