Summer Music Associates

Analysis

Summer Music Associates is a registered charity in United States, based in New London, NH. It received its IRS tax-exemption ruling in May 1975, 51 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Summer Music Associates reported income of $72k and spending of $57k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $72k (+6.0%), an average of +6.0% a year. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Summer Music Associates sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within NH. Charities of a similar size with the same main cause include Peninsula Gujarati Association ($72k), Beth Sholom Synagogue Preservation Foundation ($72k) and West Seattle Community Orchestras ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 59% of the total. At year end it held assets of $268k against liabilities of $0, net assets of $268k.