Pegasus Musical Society

Analysis

Pegasus Musical Society is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 1990, 36 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 (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 2024, Pegasus Musical Society reported income of $233k and spending of $233k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $241k to $233k (-3.1%), an average of -0.8% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pegasus Musical Society sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include B-17 Alliance Foundation ($233k), Allied Ceramic Arts Instute ($233k) and West Kern Oil Museum Inc ($233k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 12% of the total. Other salaries and wages came to $25k. At year end it held assets of $152k against liabilities of $37k, net assets of $115k.