Community Concert Asociation of Morgan City Inc

Analysis

Community Concert Asociation of Morgan City Inc is a registered charity in United States, based in Morgan City, LA. It received its IRS tax-exemption ruling in May 1974, 52 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 December 2023, Community Concert Asociation of Morgan City Inc reported income of $76k and spending of $78k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $76k (+4.5%), an average of +4.5% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Concert Asociation of Morgan City Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within LA. Charities of a similar size with the same main cause include Seattle Gynecological Society ($76k), Rotary Club of Rochester Foundation ($76k) and PTA Florida Congress ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $210k against liabilities of $0, net assets of $210k.