Tuesday Musical Club

Analysis

Tuesday Musical Club is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 1952, 74 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 April 2024, Tuesday Musical Club reported income of $117k and spending of $94k, spending 80% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $92k to $117k (+27%), an average of +6.2% a year. The sharpest change came in the year to April 2022, when income rose by 18%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tuesday Musical Club 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 41st percentile, and in the 39th percentile within PA. Charities of a similar size with the same main cause include Louisiana Partnership for Children and Families ($117k), Robert W Scott Scholarship TR ($117k) and Appalachian Therapeutic Riding Center ($117k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 62% and program service revenue 4.9% of the total. Other salaries and wages came to $19k. At year end it held assets of $805k against liabilities of $213, net assets of $805k. It reported 1 employees.