The Village a Community Musical Arts Alliance Inc

Analysis

The Village a Community Musical Arts Alliance Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Village a Community Musical Arts Alliance Inc reported income of $369k and spending of $374k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $316k to $369k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Village a Community Musical Arts Alliance Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include Lede New Orleans Inc ($369k), Society for the Neurobiology of Language ($369k) and Center for Engaged Scholarship ($369k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $79k (21% of expenses). Other salaries and wages came to $74k. At year end it held assets of $414k against liabilities of $2,061, net assets of $412k. It reported 5 employees.