Idaho Music Educators Association Inc

Analysis

Idaho Music Educators Association Inc is a registered charity in United States, based in Rigby, ID. It received its IRS tax-exemption ruling in April 2019, 7 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 June 2024, Idaho Music Educators Association Inc reported income of $312k and spending of $306k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $184k to $312k (+69%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 841%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Idaho Music Educators Association Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within ID. Charities of a similar size with the same main cause include Theatre Up ($312k), Dallas-Fort Worth Maharashtra Mandal ($312k) and Ninepipes Museum of Early Montana ($312k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $22k (7.2% of expenses). At year end it held assets of $191k against liabilities of $0, net assets of $191k.