Middlebury Community Music Center

Analysis

Middlebury Community Music Center is a registered charity in United States, based in Middlebury, VT. It received its IRS tax-exemption ruling in September 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Middlebury Community Music Center reported income of $580k and spending of $656k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $531k to $580k (+9.3%), an average of +2.2% a year. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Middlebury Community Music Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within VT. Charities of a similar size with the same main cause include Oklahoma Music Educators Association ($580k), Watkins Glen Motor Racing Research Council Inc ($581k) and Wisconsin Head Start Association ($580k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $157k (24% of expenses). Other salaries and wages came to $297k. At year end it held assets of $411k against liabilities of $219k, net assets of $192k. It reported 30 employees.