Music From the Western Reserve

Analysis

Music From the Western Reserve is a registered charity in United States, based in Hudson, OH. It received its IRS tax-exemption ruling in January 1984, 42 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 June 2024, Music From the Western Reserve reported income of $68k and spending of $65k, spending 95% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $57k to $68k (+19%), an average of +19% a year. The sharpest change came in the year to June 2024, when income rose by 19%. 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, Music From the Western Reserve sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within OH. Charities of a similar size with the same main cause include United States Amateur Boxing Inc ($68k), Literacy Council of Kingsport Inc ($68k) and Volunteers of America Inc ($68k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 29% of the total. At year end it held assets of $215k against liabilities of $0, net assets of $215k.