Georgia Music Educators Association Inc

Analysis

Georgia Music Educators Association Inc is a registered charity in United States, based in Stockbridge, GA. It received its IRS tax-exemption ruling in December 1970, 56 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 2023, Georgia Music Educators Association Inc reported income of $1.7m and spending of $1.4m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.7m (+3.1%), an average of +0.8% a year. The sharpest change came in the year to June 2022, when income rose by 118%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Georgia Music Educators Association Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include The Association of Regulatory Boards of Optometry Inc ($1.7m), Joy Ministries Evangelistic Association ($1.7m) and New Directions - the Domestic Abuse Shelter of Knox County ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $55k (3.9% of expenses). Other salaries and wages came to $161k. At year end it held assets of $441k against liabilities of $18k, net assets of $423k. It reported 6 employees.