Emil Maestre Music Association Inc

Analysis

Emil Maestre Music Association Inc is a registered charity in United States, based in Saint Augustine, FL. It received its IRS tax-exemption ruling in January 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Emil Maestre Music Association Inc reported income of $186k and spending of $202k, spending 108% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income fell from $277k to $186k (-33%), an average of -9.5% a year. The sharpest change came in the year to May 2022, when income rose by 448%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Emil Maestre Music Association Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Make Literary Productions NFP ($186k), Little League Baseball Inc ($186k) and Cheney Ecumenical Outreach Ministries ($186k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 27% and program service revenue 73% of the total. At year end it held assets of $1.2m against liabilities of $55k, net assets of $1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.