Hopkinton Music Association

Analysis

Hopkinton Music Association is a registered charity in United States, based in Hopkinton, MA. It received its IRS tax-exemption ruling in March 2003, 23 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 August 2023, Hopkinton Music Association reported income of $59k and spending of $61k, spending 103% of its income. Across the 2 years on record, from August 2022 to August 2023, income fell from $69k to $59k (-14%), an average of -14% a year. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hopkinton Music Association sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Prairie Duchien Historical Society ($59k), Cape Fear Chorale Inc ($59k) and Chiku Awali African Dance Arts & Culture Inc ($59k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 16% and program service revenue 79% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.