Friday Morning Music Club Inc

Analysis

Friday Morning Music Club Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1959, 67 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, Friday Morning Music Club Inc reported income of $455k and spending of $264k, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $149k to $455k (+205%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 142%. 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, Friday Morning Music Club 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 69th percentile, and in the 42nd percentile within DC. Charities of a similar size with the same main cause include 40 & 8 Charles W Ardery Memorial Child Welfare Trust Fund ($455k), Boy Scouts of America ($455k) and Food Pantry Lax ($455k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $42k (16% of expenses). At year end it held assets of $852k against liabilities of $45k, net assets of $807k. It reported 1 employees.