New Music Circle

Analysis

New Music Circle is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in October 1969, 57 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 August 2024, New Music Circle reported income of $103k and spending of $74k, leaving 28% of income unspent that year. Across the 3 years on record, from August 2022 to August 2024, income grew from $35k to $103k (+194%), an average of +71% a year. The sharpest change came in the year to August 2023, when income rose by 72%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Music Circle sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within MO. Charities of a similar size with the same main cause include Portola Magnet Program for Academic Excellence ($103k), St George Pathfinders of America ($103k) and Crescenta Valley United Methodist Foundation ($103k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 65% and program service revenue 15% of the total. At year end it held assets of $216k against liabilities of $25k, net assets of $190k.