Rhode Island Music Educators Association

Analysis

Rhode Island Music Educators Association is a registered charity in United States, based in E Providence, RI. It received its IRS tax-exemption ruling in October 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 August 2023, Rhode Island Music Educators Association reported income of $131k and spending of $142k, spending 108% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $170k to $131k (-23%), an average of -6.3% a year. The sharpest change came in the year to August 2020, when income dropped by 27%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rhode Island Music Educators Association sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 39th percentile within RI. Charities of a similar size with the same main cause include Olcott Beach Carousel Park Association Inc ($131k), Quantum Meditation Society USA Inc ($131k) and Ballet Midwest Inc ($131k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 9.0% and program service revenue 83% of the total. At year end it held assets of $185k against liabilities of $11k, net assets of $174k.