Tennessee Music Education Association

Analysis

Tennessee Music Education Association is a registered charity in United States, based in Hermitage, TN. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Tennessee Music Education Association reported income of $284k and spending of $275k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $206k to $284k (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2022, when income rose by 103%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tennessee Music Education Association sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within TN. Charities of a similar size with the same main cause include Journey School of Houston ($284k), Elevate Dallas ($284k) and Flower Mound High School Rosette Booster Club ($284k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $13k (4.6% of expenses). At year end it held assets of $93k against liabilities of $0, net assets of $93k.