National Federation of Music Clubs

Analysis

National Federation of Music Clubs is a registered charity in United States, based in Greenwood, IN. It received its IRS tax-exemption ruling in February 2002, 24 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, National Federation of Music Clubs reported income of $780k and spending of $790k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $761k to $780k (+2.6%), an average of +0.8% a year. The sharpest change came in the year to June 2021, when income rose by 124%. Over the whole period it spent 66% 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 Federation of Music Clubs sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include American General Media Foundation ($780k), Off Square Theatre Company ($781k) and Concord Independent Foundation Inc ($780k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 43% of the total. Other salaries and wages came to $122k. At year end it held assets of $14.3m against liabilities of $0, net assets of $14.3m. It reported 2 employees.