North Carolina Music Educators Association

Analysis

North Carolina Music Educators Association is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in October 1975, 51 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, North Carolina Music Educators Association reported income of $1.0m and spending of $1.1m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $883k to $1.0m (+18%), an average of +5.8% a year. The sharpest change came in the year to June 2022, when income rose by 167%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Carolina Music Educators Association sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Chicago Torture Justice Memorials Foundation ($1.0m), Tikkun Olam Productions Incorporated ($1.0m) and Historic Yellow Springs Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $68k (6.3% of expenses). Other salaries and wages came to $14k. At year end it held assets of $1.0m against liabilities of $3,212, net assets of $1.0m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.