Fox Valley Music Consortium

Analysis

Fox Valley Music Consortium is a registered charity in United States, based in Aurora, IL. It received its IRS tax-exemption ruling in September 2010, 16 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 July 2024, Fox Valley Music Consortium reported income of $228k and spending of $253k, spending 111% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income grew from $218k to $228k (+4.3%), an average of +1.1% a year. The sharpest change came in the year to July 2022, when income rose by 138%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fox Valley Music Consortium sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include South Carolina Pride Movement Inc ($228k), Cavalcade of Bands Association Inc ($228k) and Twentieth Century Club of Buffalo Preservation Foundation LT ($228k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 53% and program service revenue 43% of the total. Other salaries and wages came to $75k. At year end it held assets of $230k against liabilities of $5,183, net assets of $225k. It reported 26 employees.