Northern Virginia Music Teachers Association

Analysis

Northern Virginia Music Teachers Association is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in March 1980, 46 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, Northern Virginia Music Teachers Association reported income of $122k and spending of $112k, spending 91% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $102k to $122k (+20%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northern Virginia Music Teachers Association sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within VA. Charities of a similar size with the same main cause include Koryo Health Foundation ($122k), Rockford Reachout Jail Ministry ($122k) and Palmetto Richland Memorial Hospital Auxiliary ($122k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 85% of the total. At year end it held assets of $344k against liabilities of $0, net assets of $344k.