Illinois Music Educators Assn

Analysis

Illinois Music Educators Assn is a registered charity in United States, based in Palos Heights, IL. It received its IRS tax-exemption ruling in July 1979, 47 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 March 2024, Illinois Music Educators Assn reported income of $1.5m and spending of $1.3m, spending 86% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.1m to $1.5m (+35%), an average of +7.8% a year. The sharpest change came in the year to March 2021, when income dropped by 45%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Illinois Music Educators Assn sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Alliance for Middle East Peace Inc ($1.5m), Gildas Club-Metro Detroit ($1.5m) and Minnesota Lakes Maritime Society ($1.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 12% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $124k (9.4% of expenses). Other salaries and wages came to $217k. At year end it held assets of $868k against liabilities of $125k, net assets of $743k. It reported 4 employees.