Texas Winds Musical Outreach Inc

Analysis

Texas Winds Musical Outreach Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Texas Winds Musical Outreach Inc reported income of $471k and spending of $479k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $568k to $471k (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Winds Musical Outreach Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include California Association of Museums ($471k), Argyle Neighborhood Development Corporation ($471k) and Samaritans Hand Inc ($471k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $71k (15% of expenses). Other salaries and wages came to $79k. At year end it held assets of $1.2m against liabilities of $35k, net assets of $1.2m. It reported 4 employees.