Fort Collins Musicians Association

Analysis

Fort Collins Musicians Association is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in April 2009, 17 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 December 2023, Fort Collins Musicians Association reported income of $439k and spending of $396k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $246k to $439k (+78%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 448%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fort Collins Musicians Association sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CO. Charities of a similar size with the same main cause include Arts Connect International Inc ($439k), Citrus County Historical Society in C ($439k) and Ahepa 110-Iii Inc ($439k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $18k (4.4% of expenses). At year end it held assets of $158k against liabilities of $2,856, net assets of $155k. It reported 1 employees.