Lincoln Music Teachers Association

Analysis

Lincoln Music Teachers Association is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in March 1990, 36 years ago. 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, Lincoln Music Teachers Association reported income of $77k and spending of $52k, leaving 32% of income unspent that year. Across the 3 years on record, from June 2021 to June 2024, income grew from $59k to $77k (+30%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 108%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lincoln Music Teachers Association sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within NE. Charities of a similar size with the same main cause include The Tiger Clan ($77k), Akita Owners Rescue Foundation Corp ($77k) and American Inns of Court Foundation ($77k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 14% of the total. At year end it held assets of $158k against liabilities of $0, net assets of $158k.