Clearcreek Music Association

Analysis

Clearcreek Music Association is a registered charity in United States, based in Springboro, OH. It received its IRS tax-exemption ruling in June 1986, 40 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 May 2024, Clearcreek Music Association reported income of $224k and spending of $315k, spending 140% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $143k to $224k (+57%), an average of +12% a year. The sharpest change came in the year to May 2022, when income rose by 85%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clearcreek Music Association sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within OH. Charities of a similar size with the same main cause include Wisconsin Trappers Association Inc ($224k), Cal-Earth Inc ($224k) and Memorial Fund Inc ($224k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $250k against liabilities of $0, net assets of $250k.