Maryland Music Educators Assoc Inc

Analysis

Maryland Music Educators Assoc Inc is a registered charity in United States, based in Beltsville, MD. It received its IRS tax-exemption ruling in March 1969, 57 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, Maryland Music Educators Assoc Inc reported income of $754k and spending of $688k, spending 91% of its income. Across the 3 years on record, from June 2020 to June 2023, income grew from $378k to $754k (+99%), an average of +41% a year. The sharpest change came in the year to June 2023, when income rose by 152%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maryland Music Educators Assoc Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Millbrae Nursery School ($754k), Vilaseca Josephine Center Inc ($754k) and Crawford County Senior Citizens Inc ($754k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $92k (13% of expenses). Other salaries and wages came to $76k. At year end it held assets of $126k against liabilities of $25k, net assets of $101k. It reported 4 employees.