Wednesday Music Club

Analysis

Wednesday Music Club is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in January 1991, 35 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, Wednesday Music Club reported income of $198k and spending of $120k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $48k to $198k (+316%), an average of +43% a year. The sharpest change came in the year to June 2020, when income rose by 142%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wednesday Music Club sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within VA. Charities of a similar size with the same main cause include Northern Tribs Swimming Inc ($198k), Birchas Avreichim Foundation ($198k) and DHK Wellness Strategies Inc ($198k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 0.9% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.