Southwest Celtic Music Association

Analysis

Southwest Celtic Music Association is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in December 1985, 41 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Southwest Celtic Music Association reported income of $609k and spending of $669k, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $547k to $609k (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2022, when income rose by 840%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southwest Celtic Music Association sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Coaster Theater Productions ($609k), Mt Kearsarge Indian Museum ($609k) and Orcas Island Chamber Music Festival ($609k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 21% and program service revenue 62% of the total. At year end it held assets of $333k against liabilities of $0, net assets of $333k.