New Jersey Music Educators Association

Analysis

New Jersey Music Educators Association is a registered charity in United States, based in Voorhees, NJ. It received its IRS tax-exemption ruling in January 1989, 37 years ago. 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, New Jersey Music Educators Association reported income of $724k and spending of $805k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $817k to $724k (-11%), an average of -3.0% a year. The sharpest change came in the year to June 2022, when income rose by 356%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Jersey Music Educators Association sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include From Houses to Homes-Guatemala Inc ($724k), Tri-County United Way Inc ($724k) and Central New York Library Resources Council ($724k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $39k (4.8% of expenses). At year end it held assets of $646k against liabilities of $0, net assets of $646k. It reported 1 employees.