Florida School Music Association Inc

Analysis

Florida School Music Association Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Florida School Music Association Inc reported income of $486k and spending of $470k, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $435k to $486k (+12%), an average of +3.8% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida School Music Association Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Baldwin Borough Public Library ($486k), Shepherds Heart Christian Ministries Inc ($486k) and Cat Rodeo Scholarship Association ($486k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 3.7% of the total. At year end it held assets of $586k against liabilities of $144k, net assets of $442k.