North Carolina Federation of Music Clubs

Analysis

North Carolina Federation of Music Clubs is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1953, 73 years ago. 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 2024, North Carolina Federation of Music Clubs reported income of $71k and spending of $69k, spending 98% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $54k to $71k (+31%), an average of +9.5% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina Federation of Music Clubs sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within NC. Charities of a similar size with the same main cause include Garden State Chiropractic Society Inc ($71k), American Association of Blacks in Energy Atlanta ($71k) and Operation Round-Up ($71k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 16% of the total. At year end it held assets of $179k against liabilities of $0, net assets of $179k.