The Musical Arts Association

Analysis

The Musical Arts Association is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in November 1925, 101 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 June 2023, The Musical Arts Association reported income of $76.8m and spending of $66.6m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $56.8m to $76.8m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Musical Arts Association sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include US Civilian Research and Development Foundation ($76.2m), University Corporation for Advanced Internet Development ($77.3m) and Seattle Theatre Group ($75.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $1.4m (2.1% of expenses). Other salaries and wages came to $30.5m. It paid $141k in professional fundraising fees. At year end it held assets of $362.3m against liabilities of $70.6m, net assets of $291.7m. It reported 633 employees.