Texas Bandmasters Association Inc

Analysis

Texas Bandmasters Association Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in September 1983, 43 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 December 2023, Texas Bandmasters Association Inc reported income of $837k and spending of $790k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $804k to $837k (+4.2%), an average of +1.0% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Bandmasters Association Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Manatee Education Foundation Inc ($837k), Fund for Investigative Journalism Inc ($837k) and Franklin County Community Housing Council Inc ($837k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $118k (15% of expenses). Other salaries and wages came to $73k. At year end it held assets of $1.2m against liabilities of $25k, net assets of $1.2m. It reported 2 employees.