El Paso Pro Musica

Analysis

El Paso Pro Musica is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in July 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 June 2023, El Paso Pro Musica reported income of $325k and spending of $386k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $503k to $325k (-35%), an average of -10% a year. The sharpest change came in the year to June 2021, when income dropped by 31%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, El Paso Pro Musica sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Johnny Heflin Community Foundation ($325k), Youngstown and Vicinity Sheet Metal Workers Jatc ($325k) and Ivy Enrichment Foundation of Tampa Bay Inc ($325k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. Other salaries and wages came to $236k. At year end it held assets of $165k against liabilities of $24k, net assets of $141k. It reported 3 employees.