Tacoma Music Collaborative

Analysis

Tacoma Music Collaborative is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in May 2017, 9 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), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Tacoma Music Collaborative reported income of $75k and spending of $72k, spending 96% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $61k to $75k (+23%), an average of +23% a year. The sharpest change came in the year to August 2023, when income rose by 23%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tacoma Music Collaborative sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 25th percentile within WA. Charities of a similar size with the same main cause include Minter Field Air Museum Inc ($75k), Feldman Chamber Music Society Inc ($75k) and Omaha Quilters Guild Inc ($75k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $5,793 against liabilities of $0, net assets of $5,793.