Williamsburg Music Association

Analysis

Williamsburg Music Association is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in June 1984, 42 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, Williamsburg Music Association reported income of $1.2m and spending of $918k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $860k to $1.2m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2022, when income rose by 149%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Williamsburg Music Association sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Together Louisiana ($1.2m), Drug Free America Foundation Inc ($1.2m) and Planning Implementation and Evaluation Org ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 59% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $95k (10% of expenses). Other salaries and wages came to $60k. At year end it held assets of $1.9m against liabilities of $304k, net assets of $1.6m. It reported 4 employees.