Washington Friends of Music Inc

Analysis

Washington Friends of Music Inc is a registered charity in United States, based in Washington, CT. It received its IRS tax-exemption ruling in February 2016, 10 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 September 2024, Washington Friends of Music Inc reported income of $117k and spending of $63k, leaving 46% of income unspent that year. Across the 2 years on record, from September 2023 to September 2024, income grew from $99k to $117k (+18%), an average of +18% a year. The sharpest change came in the year to September 2024, when income rose by 18%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Washington Friends of Music Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within CT. Charities of a similar size with the same main cause include Viet Bao Foundation ($117k), Talujon Inc ($117k) and Lee Jaeeun Arts Company ($117k).

On its Form 990-EZ for the period ending September 2024, revenue came from contributions and grants 50% and program service revenue 43% of the total. At year end it held assets of $238k against liabilities of $0, net assets of $238k.