Naples Music Club Inc

Analysis

Naples Music Club Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in November 1968, 58 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 September 2022, Naples Music Club Inc reported income of $145k and spending of $263k, spending 181% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income fell from $201k to $145k (-28%), an average of -10% a year. The sharpest change came in the year to September 2021, when income dropped by 33%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Naples Music Club Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include School District 877 Education and Scholarship Foundation ($145k), Little League Baseball Inc ($145k) and Norris School District Educational Foundation ($145k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 91% of the total. At year end it held assets of $309k against liabilities of $0, net assets of $309k.