Wisconsin Federation of Music Clubs

Analysis

Wisconsin Federation of Music Clubs is a registered charity in United States, based in Pewaukee, WI. It received its IRS tax-exemption ruling in December 1971, 55 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, Wisconsin Federation of Music Clubs reported income of $81k and spending of $83k, spending 103% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $100k to $81k (-20%), an average of -20% a year. The sharpest change came in the year to June 2024, when income dropped by 20%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wisconsin Federation of Music Clubs sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within WI. Charities of a similar size with the same main cause include Gabrielino-Tongva Springs Foundation ($81k), Belmont Ski Education Foundation ($81k) and Hancock Street Preschool Inc ($81k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 87% of the total. At year end it held assets of $113k against liabilities of $0, net assets of $113k.