Cloverleaf Music Associates Inc

Analysis

Cloverleaf Music Associates Inc is a registered charity in United States, based in Westfield Ctr, OH. It received its IRS tax-exemption ruling in October 1983, 43 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 December 2023, Cloverleaf Music Associates Inc reported income of $205k and spending of $183k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $205k (+180%), an average of +180% a year. The sharpest change came in the year to December 2023, when income rose by 180%. 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, Cloverleaf Music Associates Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within OH. Charities of a similar size with the same main cause include PTA South Carolina Congress ($205k), Califon Fire Company ($205k) and Montford Park Players ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 69% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.