McLean County Unit Dist 5 Music Parents Association

Analysis

McLean County Unit Dist 5 Music Parents Association is a registered charity in United States, based in Normal, IL. It received its IRS tax-exemption ruling in March 1991, 35 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 May 2023, McLean County Unit Dist 5 Music Parents Association reported income of $579k and spending of $524k, spending 90% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $432k to $579k (+34%), an average of +7.6% a year. The sharpest change came in the year to May 2023, when income rose by 136%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McLean County Unit Dist 5 Music Parents Association sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Montessori Center for Children Inc ($579k), Saugatuck Nursery School Inc ($579k) and Umbrella Learning Academy Corporation ($579k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 3.8% and program service revenue 72% of the total. At year end it held assets of $179k against liabilities of $0, net assets of $179k.