Greater Anderson Musical Arts Consortium

Analysis

Greater Anderson Musical Arts Consortium is a registered charity in United States, based in Anderson, SC. It received its IRS tax-exemption ruling in May 1992, 34 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 2024, Greater Anderson Musical Arts Consortium reported income of $175k and spending of $219k, spending 125% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $239k to $175k (-27%), an average of -7.6% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greater Anderson Musical Arts Consortium sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 56th percentile within SC. Charities of a similar size with the same main cause include Northeastern New Mexico Educational Foundation Inc ($175k), Springfield Illinois African-American History Foundatio ($175k) and Frontier Community Access Television ($175k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $54k (25% of expenses). Other salaries and wages came to $62k. At year end it held assets of $108k against liabilities of $14k, net assets of $93k. It reported 7 employees.