International Tuba-Euphonium Asso

Analysis

International Tuba-Euphonium Asso is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in August 1975, 51 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 2022, International Tuba-Euphonium Asso reported income of $160k and spending of $179k, spending 112% of what it took in. Across the 3 years on record, from June 2020 to June 2022, income grew from $144k to $160k (+11%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Tuba-Euphonium Asso sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within CT. Charities of a similar size with the same main cause include Cleveland Rocks Past Present and Future ($160k), American Veterans Heritage Center Inc ($160k) and Seneca Falls Its a Wonderful Life Museum & Archives ($160k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $31k (17% of expenses). At year end it held assets of $157k against liabilities of $0, net assets of $157k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.