Pro Musica

Analysis

Pro Musica is a registered charity in United States, based in Joplin, MO. It received its IRS tax-exemption ruling in July 1986, 40 years ago. 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 2024, Pro Musica reported income of $152k and spending of $121k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $193k to $152k (-21%), an average of -5.8% a year. The sharpest change came in the year to June 2021, when income dropped by 24%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pro Musica sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within MO. Charities of a similar size with the same main cause include Scandinavia Booster Club Inc ($152k), Alpha Center Inc ($152k) and Concerns of Police Survivors ($152k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $30k. At year end it held assets of $388k against liabilities of $0, net assets of $388k. It reported 3 employees.