Texas Music Educators Association Inc

Analysis

Texas Music Educators Association Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Texas Music Educators Association Inc reported income of $7.0m and spending of $6.4m, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $6.3m to $7.0m (+11%), an average of +2.2% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Music Educators Association Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Workforce Development Corp ($7.0m), Rock Creek Community Academy Inc ($7.0m) and Albany Leadership Charter High School for Girls ($7.0m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $407k (6.4% of expenses). Other salaries and wages came to $733k. At year end it held assets of $12.2m against liabilities of $538k, net assets of $11.7m. It reported 12 employees.