McKinney Community Concert Association Inc

Analysis

McKinney Community Concert Association Inc is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in March 1986, 40 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 December 2023, McKinney Community Concert Association Inc reported income of $126k and spending of $110k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $126k (+12%), an average of +12% a year. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, McKinney Community Concert Association Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Buggy Barn Museum ($126k), Red Mountain Makers ($126k) and Multicultural Association of Southern Oregon ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $127k against liabilities of $0, net assets of $127k.