Florida Music Education Association Inc

Analysis

Florida Music Education Association Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in April 1992, 34 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, Florida Music Education Association Inc reported income of $1.6m and spending of $1.4m, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.6m (+14%), an average of +4.5% a year. The sharpest change came in the year to June 2022, when income rose by 189%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florida Music Education 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 86th percentile within FL. Charities of a similar size with the same main cause include Our Lady of Angels Apartments Inc ($1.6m), State University College at Oneonta Childrens Center Inc ($1.6m) and Washington University Medical Center ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 73% of the total. At year end it held assets of $2.2m against liabilities of $182k, net assets of $2.0m.