Friday Morning Music Club Foundation Incorporated

Analysis

Friday Morning Music Club Foundation Incorporated is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1956, 70 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friday Morning Music Club Foundation Incorporated reported income of $85k and spending of $83k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $98k to $85k (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friday Morning Music Club Foundation Incorporated sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 16th percentile within DC. Charities of a similar size with the same main cause include Lakeside Pride Music Ensembles Inc ($85k), Worcester County Saint Patricks Parade Inc ($85k) and Estes Park Museum Friends & Foundation Inc ($85k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 3.2% of the total. Other salaries and wages came to $3,974. At year end it held assets of $658k against liabilities of $17k, net assets of $640k.