Indian Music Society of Houston

Analysis

Indian Music Society of Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 1998, 28 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).

In the financial year ending December 2022, Indian Music Society of Houston reported income of $221k and spending of $211k, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $213k to $221k (+3.5%), an average of +1.1% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indian Music Society of Houston sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Delaware Aviation Museum Foundation ($221k), Jacksonville Scottish Highland Games Inc ($221k) and Villa Sinfonia Foundation ($221k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $155k (73% of expenses). At year end it held assets of $108k against liabilities of $391, net assets of $107k. It reported 1 employees.