Music Association of Minnetonka

Analysis

Music Association of Minnetonka is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in May 1975, 51 years ago. 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 June 2024, Music Association of Minnetonka reported income of $113k and spending of $112k, spending 100% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $108k to $113k (+4.6%), an average of +4.6% a year. 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, Music Association of Minnetonka sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within MN. Charities of a similar size with the same main cause include Tampa Realistic Artists Inc ($113k), Belvidere Youth Baseball Inc ($113k) and Garrison Speed Shop Inc ($113k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 30% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.