Spirit Lake Music Parents

Analysis

Spirit Lake Music Parents is a registered charity in United States, based in Spirit Lake, IA. It received its IRS tax-exemption ruling in July 1994, 32 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 2024, Spirit Lake Music Parents reported income of $109k and spending of $60k, leaving 45% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $123k to $109k (-12%), an average of -3.1% a year. The sharpest change came in the year to June 2022, when income rose by 137%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spirit Lake Music Parents sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within IA. Charities of a similar size with the same main cause include Mental Health Peer Services of Greater Fort Worth ($109k), Woodbrook Elementary School PTO ($109k) and North City Parent Cooperative Lab School ($109k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 152% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.