New Music Institute of Kansas City Inc

Analysis

New Music Institute of Kansas City Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in March 1994, 32 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 2023, New Music Institute of Kansas City Inc reported income of $60k and spending of $65k, spending 110% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $39k to $60k (+53%), an average of +53% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Music Institute of Kansas City Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within MO. Charities of a similar size with the same main cause include Ukrainian National Womens League of America Inc ($60k), Valley Apartments Inc ($60k) and Navy League of the United States Bremerton-Olympic Peninsula Coun ($60k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $6,023 against liabilities of $0, net assets of $6,023.