Iowa High School Music Assn

Analysis

Iowa High School Music Assn is a registered charity in United States, based in Boone, IA. It received its IRS tax-exemption ruling in July 1942, 84 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 2024, Iowa High School Music Assn reported income of $836k and spending of $790k, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $395k to $836k (+112%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 89%. Over the whole period it spent 107% 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 High School Music Assn 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 77th percentile, and in the 80th percentile within IA. Charities of a similar size with the same main cause include Seattle Universal Math Museum ($836k), Baton Rouge Little Theater Inc ($837k) and Aurora Sentinel Community Media ($836k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.0% and program service revenue 96% of the total. At year end it held assets of $360k against liabilities of $15k, net assets of $345k.