East Carolina Musical Arts Education Foundation

Analysis

East Carolina Musical Arts Education Foundation is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in July 1998, 28 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, East Carolina Musical Arts Education Foundation reported income of $82k and spending of $99k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $74k to $82k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2020, when income rose by 111%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, East Carolina Musical Arts Education Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within NC. Charities of a similar size with the same main cause include Society of Information Risk Analysts ($82k), Emergent Art Space ($82k) and Arts for Our Children Inc ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 0.3% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.