New Music on the Point Inc

Analysis

New Music on the Point Inc is a registered charity in United States, based in Leicester, VT. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, New Music on the Point Inc reported income of $155k and spending of $141k, spending 91% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $182k to $155k (-15%), an average of -15% a year. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Music on the Point Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 38th percentile within VT. Charities of a similar size with the same main cause include Ellensburg Dance Ensemble ($155k), New York Center for Art & Awareness Inc ($155k) and The American Patrons of the Nationa ($155k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. At year end it held assets of $158k against liabilities of $41k, net assets of $117k.