Plano Music Teachers Association Inc

Analysis

Plano Music Teachers Association Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 1984, 42 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 June 2024, Plano Music Teachers Association Inc reported income of $135k and spending of $118k, spending 87% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $114k to $135k (+18%), an average of +18% a year. The sharpest change came in the year to June 2024, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Plano Music Teachers Association Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Starkville Community Theatre Inc ($135k), Divine Shakti Mandir ($135k) and Rye Historical Society ($135k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 7.8% and program service revenue 88% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.