Tuesday Musical Association

Analysis

Tuesday Musical Association is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in September 1943, 83 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, Tuesday Musical Association reported income of $1.1m and spending of $753k, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $663k to $1.1m (+69%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 100%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tuesday Musical Association sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Indianapolis Film Project Inc ($1.1m), Alberta Abbey Foundation ($1.1m) and Center for American Values Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $82k (11% of expenses). Other salaries and wages came to $94k. At year end it held assets of $5.1m against liabilities of $435k, net assets of $4.7m. It reported 3 employees.