Musicians Club of Women

Analysis

Musicians Club of Women is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1964, 62 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 May 2024, Musicians Club of Women reported income of $154k and spending of $149k, spending 97% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $131k to $154k (+17%), an average of +17% a year. The sharpest change came in the year to May 2024, when income rose by 17%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Musicians Club of Women sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include National Society of the Daughters of the American Revolution ($154k), Saints and Pelicans Gulf Coast Renewal ($154k) and Little League Baseball Inc ($154k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 83% of the total. At year end it held assets of $353k against liabilities of $0, net assets of $353k.