Wayne Music Club Inc

Analysis

Wayne Music Club Inc is a registered charity in United States, based in Huber Heights, OH. It received its IRS tax-exemption ruling in November 2013, 13 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 April 2024, Wayne Music Club Inc reported income of $132k and spending of $82k, leaving 38% of income unspent that year. Across the 5 years on record, from April 2020 to April 2024, income fell from $321k to $132k (-59%), an average of -20% a year. The sharpest change came in the year to April 2022, when income rose by 91%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wayne Music Club Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within OH. Charities of a similar size with the same main cause include Harvard Model Congress Asia ($132k), Youth in Crisis Ministry Inc ($132k) and Gull Island Institute Inc ($132k).

On its Form 990 for the period ending April 2024, revenue came from program service revenue 23% of the total. At year end it held assets of $525k against liabilities of $0, net assets of $525k.