Inspirational Country Music Association Inc

Analysis

Inspirational Country Music Association Inc is a registered charity in United States, based in Goodlettsvlle, TN. It received its IRS tax-exemption ruling in September 2016, 10 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 December 2023, Inspirational Country Music Association Inc reported income of $51k and spending of $56k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $93k to $51k (-45%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Inspirational Country Music Association Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within TN. Charities of a similar size with the same main cause include Historical Tea and Dance Society ($51k), Borderline Players Company ($51k) and Artsakh Arts & Cultural Foundation ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 9.2% of the total. At year end it held assets of $8,424 against liabilities of $47k, net assets of -$38k.