National Rhythm and Blues Music Society Inc a Nonprofit Corp

Analysis

National Rhythm and Blues Music Society Inc a Nonprofit Corp is a registered charity in United States, based in Galloway, NJ. It received its IRS tax-exemption ruling in September 2015, 11 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 August 2024, National Rhythm and Blues Music Society Inc a Nonprofit Corp reported income of $199k and spending of $197k, spending 99% of its income. Across the 2 years on record, from August 2023 to August 2024, income fell from $364k to $199k (-45%), an average of -46% a year. The sharpest change came in the year to August 2024, when income dropped by 45%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Rhythm and Blues Music Society Inc a Nonprofit Corp 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 54th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include National Asian Artists Project ($199k), Nantucket Tipping Point Inc ($199k) and Macoupin Art Collective ($199k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.