Abraham Lincoln Elementary School- Music Association Inc

Analysis

Abraham Lincoln Elementary School- Music Association Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1982, 44 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 July 2024, Abraham Lincoln Elementary School- Music Association Inc reported income of $160k and spending of $193k, spending 121% of what it took in. Across the 3 years on record, from July 2022 to July 2024, income grew from $126k to $160k (+27%), an average of +13% a year. The sharpest change came in the year to July 2024, when income rose by 19%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abraham Lincoln Elementary School- Music Association Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include Montgomery County Career Fire Fighters Charitable Fundation Inc ($160k), Canyon High School Athletic Boosters Club ($160k) and Velvet Ridge Fire Protection District ($160k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 4.5% and program service revenue 96% of the total. At year end it held assets of $103k against liabilities of $0, net assets of $103k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.