Church Music Institute

Analysis

Church Music Institute is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Church Music Institute reported income of $449k and spending of $242k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $629k to $449k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 57% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Church Music Institute sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Islamic Community Center of Hillsboro ($449k), Cleveland Jewish Publicationcompany Foundation ($449k) and Global City Missions Initiative Incorporated ($448k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $40k (17% of expenses). Other salaries and wages came to $76k. At year end it held assets of $1.8m against liabilities of $3,130, net assets of $1.8m. It reported 8 employees.