International Bluegrass Music Association Inc

Analysis

International Bluegrass Music Association Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, International Bluegrass Music Association Inc reported income of $1.4m and spending of $1.5m, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.5m to $1.4m (-5.2%), an average of -1.8% a year. The sharpest change came in the year to June 2022, when income rose by 75%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, International Bluegrass Music Association Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include Fanatics All in Foundation ($1.4m), Roman Catholic Archdiocese of Nassau Inc ($1.4m) and Na Lei Aloha Foundation ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $118k (8.0% of expenses). Other salaries and wages came to $163k. At year end it held assets of $1.1m against liabilities of $511k, net assets of $634k. It reported 6 employees.