Community Music Center of Houston

Analysis

Community Music Center of Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 1984, 42 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 August 2022, Community Music Center of Houston reported income of $244k and spending of $263k, spending 108% of what it took in. Across the 2 years on record, from August 2021 to August 2022, income fell from $386k to $244k (-37%), an average of -37% a year. The sharpest change came in the year to August 2022, when income dropped by 37%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Music Center of Houston sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Friends of Lasdon Arboretum Inc ($244k), Atlantic Beach King Mackerel Fishing Tournament Inc ($244k) and Reading Scholarship Foundation Inc ($244k).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $364k against liabilities of $159k, net assets of $205k.