University Musical Society

Analysis

University Musical Society is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in December 1944, 82 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 June 2023, University Musical Society reported income of $11.7m and spending of $10.4m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.4m to $11.7m (+24%), an average of +5.4% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, University Musical Society sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Joyce Theater Foundation Inc ($11.7m), Childrens Museum of Denver Inc ($11.7m) and Friends of the Music Hall ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 24% of the total. At year end it held assets of $43.6m against liabilities of $3.2m, net assets of $40.3m.