Serrano Instrumental Music Association

Analysis

Serrano Instrumental Music Association is a registered charity in United States, based in Phelan, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Serrano Instrumental Music Association reported income of $84k and spending of $71k, spending 85% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $104k to $84k (-19%), an average of -19% a year. The sharpest change came in the year to June 2024, when income dropped by 19%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Serrano Instrumental Music Association sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Blue Demon Club Inc ($84k), Childrens Fund of Chester County the ($84k) and Gilchrist Parent Teacher Organization ($84k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.