Virginia Music Educators Association Inc

Analysis

Virginia Music Educators Association Inc is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Virginia Music Educators Association Inc reported income of $1.2m and spending of $1.0m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $701k to $1.2m (+67%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 160%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia Music Educators Association Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Noahs Arc Foundation ($1.2m), Visual Communications Media ($1.2m) and National Society of the Colonial Dames of America in the State of G ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.7% and program service revenue 87% of the total. Other salaries and wages came to $39k. At year end it held assets of $601k against liabilities of $623, net assets of $600k. It reported 2 employees.