Friends of the Sarah McLachlan School of Music Society Inc

Analysis

Friends of the Sarah McLachlan School of Music Society Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Friends of the Sarah McLachlan School of Music Society Inc reported income of $294k and spending of $6,059, leaving 98% of income unspent that year. Across the 3 years on record, from June 2019 to June 2024, income fell from $434k to $294k (-32%), an average of -18% a year. The sharpest change came in the year to June 2024, when income rose by 94%. Over the whole period it spent 38% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Sarah McLachlan School of Music Society Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Crested Butte Mountain Heritage Museum Inc ($294k), Highlands Nature Friends Inc ($294k) and Choose Life Radio Network - CLRN ($294k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $317k against liabilities of $0, net assets of $317k.