Fredericksburg Music Club Inc

Analysis

Fredericksburg Music Club Inc is a registered charity in United States, based in Fredericksbrg, TX. It received its IRS tax-exemption ruling in August 1991, 35 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Fredericksburg Music Club Inc reported income of $96k and spending of $69k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $100k to $96k (-4.0%), an average of -1.0% a year. The sharpest change came in the year to June 2023, when income rose by 64%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fredericksburg Music Club Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within TX. Charities of a similar size with the same main cause include Panhandle Community Radio Inc ($96k), The Dillon County Theatre Association ($96k) and Lyndon Baines Johnson Museum of San Marcos ($96k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% of the total. At year end it held assets of $636k against liabilities of $0, net assets of $636k.