Kings Music Association

Analysis

Kings Music Association is a registered charity in United States, based in Kings Mills, OH. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Kings Music Association reported income of $172k and spending of $157k, spending 91% of its income. Across the 3 years on record, from June 2019 to June 2023, income grew from $163k to $172k (+5.7%), an average of +2.8% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kings Music Association sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within OH. Charities of a similar size with the same main cause include Backers of Lexington Debate Inc ($172k), US Dairy Education and Training Consortium ($172k) and Venture International Academy ($172k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 33% of the total. At year end it held assets of $152k against liabilities of $6,074, net assets of $145k.