Music Teachers National Association Inc

Analysis

Music Teachers National Association Inc is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in March 1999, 27 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 June 2024, Music Teachers National Association Inc reported income of $58k and spending of $55k, spending 96% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $53k to $58k (+9.1%), an average of +9.1% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Music Teachers National Association Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within MI. Charities of a similar size with the same main cause include Norfolk Historical Society Inc ($58k), Pacific Railroad Preservation Association Incorporated ($58k) and Fort Wayne Rotary Foundation Inc ($58k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 61% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.