Presbyterian Association of Musicians

Analysis

Presbyterian Association of Musicians is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in December 2017, 9 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 December 2023, Presbyterian Association of Musicians reported income of $1.0m and spending of $772k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $767k to $1.0m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Presbyterian Association of Musicians 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 79th percentile, and in the 80th percentile within KY. Charities of a similar size with the same main cause include H H Dorje Chang Buddha III Cultural and Art Museum ($1.0m), Arts Education in Maryland Schools Alliance Inc ($1.0m) and Casa Circulo Cultural Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $120k (16% of expenses). Other salaries and wages came to $72k. At year end it held assets of $1.7m against liabilities of $171k, net assets of $1.5m.