Musical Arts Assn Music Hall End

Analysis

Musical Arts Assn Music Hall End is a registered charity in United States, based in Brooklyn, OH. It received its IRS tax-exemption ruling in January 1980, 46 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Musical Arts Assn Music Hall End reported income of $404k and spending of $225k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $90k to $404k (+350%), an average of +46% a year. The sharpest change came in the year to December 2020, when income dropped by 192%. Over the whole period it spent 135% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Musical Arts Assn Music Hall End sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within OH. Charities of a similar size with the same main cause include Miami Montessori School ($404k), Thorek Memorial Foundation ($404k) and Imperial County Historical Society ($404k).

Compensation of current officers, directors and key employees was $4,350 (1.9% of expenses). At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.