Indiana Music Education Association Foundation

Analysis

Indiana Music Education Association Foundation is a registered charity in United States, based in Indianapolis, IN. 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 (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, Indiana Music Education Association Foundation reported income of $420k and spending of $481k, spending 114% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $350k to $420k (+20%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indiana Music Education Association Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IN. Charities of a similar size with the same main cause include Parent Booster USA Inc ($420k), Association of Indian Physicians of Northern Ohio ($420k) and Local 107 Development and Training Fund ($420k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.