Iowa Rock N Roll Music Asociation Inc

Analysis

Iowa Rock N Roll Music Asociation Inc is a registered charity in United States, based in Arnolds Park, IA. It received its IRS tax-exemption ruling in September 1998, 28 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 September 2024, Iowa Rock N Roll Music Asociation Inc reported income of $213k and spending of $215k, spending 101% of its income. Across the 6 years on record, from September 2019 to September 2024, income fell from $641k to $213k (-67%), an average of -20% a year. The sharpest change came in the year to September 2021, when income rose by 131%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Iowa Rock N Roll Music Asociation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within IA. Charities of a similar size with the same main cause include Winchester Little Theatre Incorporated ($213k), Augusta Jewish Museum Inc ($213k) and Living City Project ($213k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 57% of the total. Other salaries and wages came to $60k. At year end it held assets of $840k against liabilities of $61k, net assets of $779k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.