Concord Music Association

Analysis

Concord Music Association is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in June 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Concord Music Association reported income of $126k and spending of $131k, spending 104% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $126k to $126k (+0.2%), an average of +0.2% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Concord Music Association sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within IN. Charities of a similar size with the same main cause include Ready to Read ($126k), Fairmount Park Elementary PTA ($126k) and South Carolina Beekeepers Association ($126k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 53% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.