The Music Library Association

Analysis

The Music Library Association is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Music Library Association reported income of $519k and spending of $438k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $593k to $519k (-13%), an average of -3.3% a year. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Music Library Association sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Erdman Family School Inc ($518k), Washington State Association for Justice Foundation ($519k) and Plus Delta After School Studios ($518k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.7% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $1,366 (0.3% of expenses). At year end it held assets of $2.5m against liabilities of $9,265, net assets of $2.5m.